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BULLETIN: Consortium Led by ICA Awarded the El Cajon Hydroelectric Project Mar 03
Standard & Poors, March 2003
Abstract
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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