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ENA Sur Trust 'BBB' Debt Rating Affirmed, Outlook Stable Jan 13 Product Image

ENA Sur Trust 'BBB' Debt Rating Affirmed, Outlook Stable Jan 13

  • Published: January 2013
  • Standard & Poors

FEATURED COMPANIES

Abstract
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: Affirmed
Action: Outlook: Stable

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 READ MORE >

- ENA Sur Trust

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