Milan, November 27, 2017 - Salini Impregilo (MTA: SAL), Italy's largest infrastructure group, announces that Dagong Global has affirmed its Long-Term Credit Rating at 'BB+' with a positive outlook.

Dagong stated: 'The rating reflects Salini Impregilo's strong business profile and the positive development within the last 12 months driven in particular by the acquisition (1Q16) and advanced integration of Lane Industries Inc. (Lane) resulting in increased business opportunities in the robust US infrastructure market, better diversification of the project portfolio and pipeline, a reinforced overall competitive position and finally higher revenues. In addition, it reflects positive trends in its financial profile, with good profitability, sound liquidity, an extended debt maturity profile and reduced cost of debt.'

Dagong added: 'The company continues to show a high bid wining rate, success in acquiring new orders in all covered sectors and a well-balanced outstanding order backlog that allows good predictability of future performance. The rating is supported by Salini Impregilo's stable global leading position in hydro and dam construction and strong position in the transportation segment. Furthermore, in the new larger group set-up, Salini Impregilo not only continues to demonstrate solid operational performance, but also strong project management, and a high implementation level of its risk management framework.'

Salini Impregilo S.p.A. published this content on 27 November 2017 and is solely responsible for the information contained herein.
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