FS Italiane closed a new private placement with Eurofima, which subscribed Euro 240 million floating rate notes due on 10 October 2034.
The EU bank is supporting FS Italiane Group's investment plan covering new trainsets for Trenitalia's regional transport division. The trains will be less polluting and more efficient, and almost half will be for southern Italy.
Standard and Poor’s affirmed both the FS Group’s Issuer Credit Rating at “BBB” and the “Stand Alone Credit Profile” (SACP) at “bbb+”, the latter one notch above the overall FS rating and the Sovereign one. The outlook remains negative reflecting that on Italy.
Ferrovie dello Stato Italiane and Intesa Sanpaolo signed a Euro 300 million loan agreement with a 2 years tenor, the proceeds will be earmarked to Trenitalia.
Ferrovie dello Stato Italiane and UniCredit signed a Euro 300 million loan agreement with a 3 years tenor, the proceeds will be earmarked to Trenitalia and RFI.
FS Italiane closed a new private placement with Eurofima, which subscribed Euro 200 million floating rate note due on 20 May 2030.
The FS Italiane shareholders’ meeting approved the Ferrovie dello Stato Italiane SpA Financial Statement for FY 2019, with a profit of 226.7 million euros, together with by the Consolidated Annual Financial Report of the FS Group with 12.4 billion of revenues, net profit of 584 million and EBITDA equal to 2.6 billion.
On 11 May 2020, the ILSA consortium, composed of Trenitalia and Air Nostrum, signed the Framework Agreement with ADIF Alta Velocidad, the Spanish Railway Infrastructure Manager, for operating the high-speed services between Madrid-Barcelona, Madrid-Valencia/Alicante and Madrid-Malaga/Seville.
Mirroring Italy’s rating downgrade made by Fitch on April 28st, today the Agency downgraded Ferrovie dello Stato Italiane’s Long-Term Issuer Default Rating to 'BBB-' from 'BBB', as a consequence of the criteria applicable to Ferrovie’s rating.
FS Italiane closed a new private placement with Eurofima, which subscribed Euro 200 million floating rate note due in October 2034.