Sea, S&P confirms the A rating and the outlook rises from stable to positive
S&P Global Ratings has affirmed Sea's rating at 'A' and upgraded its outlook to 'Positive,' reflecting improved financial stability and performance expectations.
S&P Global Ratings has confirmed that Sea, the management company of Milan's airports, maintains an 'A' credit rating while also increasing its outlook from 'Stable' to 'Positive.' This change follows a thorough annual review that concluded in January, during which S&P reassessed Sea's rating within the broader context of Italy's sovereign credit rating improvement and the financial health of Milan, which holds a majority stake in Sea. The adjustments signify positive developments in the financial relationships and outlook surrounding Italy's airport infrastructure districts.
According to S&P, Sea's rating is indicative of the company's robust financial profile, underscored by expected performance improvements set for 2025 and projections for subsequent years. Additionally, the agency noted the company's strong liquidity position which assures substantial financial flexibility. This affirmation puts Sea’s credit rating two notches above that of Italy's sovereign debt, solidifying its standing as a leading entity in Italy's infrastructure landscape.
The upgrade of Sea's outlook reflects broader economic trends in Italy and suggests an increasing confidence from investors in the country's financial stability. By maintaining a strong credit rating, Sea could potentially attract more investment and funding, further enhancing its operational capacity and growth in the coming years. This development not only impacts Sea but may also have positive implications for the overall infrastructure investment climate in Italy, particularly in the transportation sector.