Fitch Ratings has affirmed Italian construction group Salini Impregilo S.p.A.' s Long-term Issuer Default (IDR) and senior unsecured ratings at 'BB'. The Outlook is Stable.
The affirmation reflects Salini Impregilo's solid operating performance and strong order book supporting revenue growth.
Fitch states Business Plan on Track - In 2014 Salini Impregilo largely met its business plan forecast, achieving solid margins and reducing gross debt levels. For 2015 the company targets to maintain double-digit EBITDA margins and to win additional orders of around EUR 6bn.
Pure Construction Group - In contrast to other players in the construction industry, Salini Impregilo' s core activity is in the construction and engineering of civil works. The company' s search for profitability is characterised by delivering large, complex and value-added infrastructure projects with strong engineering competencies.

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