Standard & Poor's Ratings Services said today that the announcement made by Empresas ICA Sociedad Controladora S.A. de C.V. (ICA; CCC/Negative/--) that the Comision Federal De Electricidad (CFE; local currency: BBB+/Stable/--; foreign currency: BBB-/Stable/--) has awarded the El Cajon hydroelectric project to Constructora Internacional de Infraestructura S.A. de C.V. has no immediate impact on the ratings or outlook assigned to ICA. Constructora Internacional de Infraestructura is a consortium formed by two 100% owned ICA subsidiaries, Promotora e Inversora Adisa S.A. de C.V., as the project leader, with a 40% stake, and Ingenieros Civiles Asociados, with 25% stake, and Energomachexport Power Machines and Peninsular Compa-ia de Constructora S.A. de C.V., which have a 20% and a 15% stake in the consortium,...
Companies mentioned in this report are: Empresas ICA, S.A.B. de C.V.,Comision Federal De Electricidad (CFE)
Action: S&P Event
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