ENA Sur Trust 'BBB' Debt Rating Affirmed, Outlook Stable Jan 13
- ID: 2384085
- January 2013
- Standard & Poors
Panamanian toll road Corredor Sur's traffic rose 15.6% and revenue was up 16.5%, strengthening cash flow generation in 2012. We are affirming the 'BBB' senior debt rating on the road's $170 million 14-year fixed-rate class A notes. The stable outlook reflects our expectations that traffic will continue to grow, providing strong cash flow generation. MEXICO CITY (Standard & Poor's) Jan. 24, 2013--Standard & Poor's Ratings Services affirmed its 'BBB' senior debt rating on ENA Sur Trust's $170 million 5.75% fixed-rate senior secured class A notes due 2025. The notes are backed by the collection rights on revenues of the Corredor Sur toll road, which ENA Sur Trust controls. The outlook is stable. During 2007-2012, traffic on Corredor Sur grew at...
Companies mentioned in this report are:
- ENA Sur Trust
Action: Outlook: Stable
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