OREANDA-NEWS. Fitch Ratings has assigned the Ferrovie dello Stato Italiane (FS; 'BBB+/Stable') upcoming EUR300m bullet floating rate notes due 31 December 2025 a Long-term Local Currency rating of 'BBB+'. The notes will be issued on 12 January 2016.

The notes will be issued under the EUR4.5bn Euro Medium Term Note (EMTN) programme and proceeds from the notes will be used to finance FS's project plans including the upgrade of the rolling stock. The notes will rank at least pari passu with all present and future unsecured and unsubordinated obligations of the issuer.

RATING SENSITIVITIES

Changes to FS's Long-term IDR would be mirrored in FS's notes rating.

For more information on the key sensitivities related to FS's ratings, see "Fitch Affirms Ferrovie dello Stato Italiane at BBB+" dated 6 November 2015 at www.fitchratings.com.

Date of relevant committee 4 November 2015.