S&P changes Pasajeros Metro view

S&P said Empresa de Transporte de Pasajeros Metro SA’s outlook has been revised to negative.

The A+ ratings were affirmed.

“We believe the liquidity position of Chile-based transportation company, Empresa de Transporte de Pasajeros Metro SA (the Metro), could be strained in the next 12 months because of a 40% tumble in the passenger level, due to travel restrictions and reduced overall mobility related to the coronavirus pandemic,” the agency said in a news release.

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