Milan, June 19, 2015 -- Moody's Investors Service has today downgraded the issuer and bond ratings of the City of Civitavecchia to Ba1 from Baa3, reflecting the expectation that lower operating revenues will weigh on the city`s operating margins. The outlook on the rating is negative, reflecting the possibility that the city`s fiscal position may come under further pressure if it provides assistance to the multi-utility company Holding Civitavecchia Servizi S.r.l., which is under liquidation.
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