Moody's puts three Costa Rica issuers on review

Moody's Investors Service said it placed the ratings on Costa Rican issuers Instituto Costarricense de Electricidad (ICE), Reventazón Finance Trust and Aeris Holding Costa Rica SA under review for downgrade.

The review follows the recent downgrade review placed on the government of Costa Rica, Moody's said.

Moody's also said it decided to withdraw the rating of Autopistas del Sol SA because of inadequate information to continue monitoring the ratings due to the issuer's decision to cease participation in the rating process.

The review reflects a view that the creditworthiness of these entities cannot be completely de-linked from the current operating environment and regulatory regimes in Costa Rica, the agency said.

During the review, Moody's said it will focus its assessment on the nature and magnitude of linkages between ICE, Reventazón and Aeris with Costa Rica's credit quality, operating environment and regulatory regimes.

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