- Published: May 2012
- Region: Romania
Transaction Update: Autovia de la Mancha, S.A.
- Published: May 2011
- Standard & Poors
The 'AA+' long-term issue rating on the -110 million senior secured amortizing loan maturing in July 2031 provided by Dexia Sabadell, S.A. (not rated) to Autovia de la Mancha (Aumancha or ProjectCo), a shadow toll road in the Spanish region of Castile-La Mancha (CLM), reflects the unconditional and irrevocable guarantee provided by Assured Guaranty (Europe) Ltd. (AA+/Stable/--; formerly Financial Security Assurance (U.K.) Ltd.) for the payment of scheduled interest and principal on the loan. The 'BB+' Standard and Poor's underlying rating (SPUR) reflects a composite of credit factors as outlined below. ProjectCo is using the funds for the design, construction, and operation of a 52-kilometer shadow toll road linking the cities of Toledo and Consuegra in the Spanish region of...
Companies mentioned in this report are: Autovia de la Mancha, S.A.
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Autovia de la Mancha, S.A.