S&P shifts ENA Norte view to stable

S&P said it revised its outlook for ENA Norte Trust to stable from negative and affirmed the BB+ rating on its $600 million of notes.

“The outlook revision reflects the project's adequate operating and financial performance in 2021, as well as our expectations of a steady recovery in traffic levels in 2022 and reaching pre-pandemic levels in 2023. In 2021, the project paid about $22 million of the debt's outstanding amount, above our expectations of $15 million - $20 million. We now expect ENA Norte could prepay the total outstanding debt by July 2027, three quarters before its legal maturity on April 2028,” S&P said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.