18.07.2016 15:50:00

Concessioni Autostradali Venete - CAV S.p.A. -- Moody's assigns definitive A3 rating to CAV's EUR830 million senior secured bonds; stable outlook

London, 18 July 2016 -- Moody's Investors Service has today assigned a definitive A3 rating to the EUR830 million senior secured amortising bonds due December 2030 (the Bonds) issued by Concessioni Autostradali Venete - CAV S.p.A. (CAV). The rating outlook is stable. CAV manages 74 km of motorway stretches located in the Venice area, in Northern Italy. The proceeds from the Bonds have been used to fully refinance CAV's financial indebtedness, fund reserves and cover transaction costs.

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