Rating On Rain CII Carbon LLC's Notes Lowered To 'BB-' On Reduced Recovery Prospects, Proposed Notes Rated 'BB-' Dec 12
- Language: English
- Published: December 2012
MEXICO CITY (Standard & Poor's) March 15, 2012-- Standard & Poor's Ratings Services withdrew its 'BB-' ratings on Dominican Republic-based port operator Caucedo Investments Inc. (CII), including the corporate credit rating and the rating on its $180 million in senior notes, at the company's request. The outlook was stable at the time of the withdrawal. CII operates its port terminal through three separate corporate entities: CII, Zona Franca Multimodal Caucedo S.A. (ZFMC; not rated), and Caucedo Services Inc. (CSI; not rated). CII was created with the specific purpose of developing a deepwater marine terminal facility on the Caucedo peninsula. ZFMC, a wholly owned subsidiary of CII, is the asset owner and is responsible for operating and maintaining the terminal facility....
Companies mentioned in this report are: Caucedo Investments Inc.
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Caucedo Investments Inc.