Moody's: Inversiones view to stable

Moody's Investors Service said it confirmed Inversiones Alsacia's Caa2 rating and revised its outlook to stable.

Moody's said the outlook reflects its view that despite the structural credit weaknesses of the transaction, financial performance is expected to improve gradually over the next months, increasing its cash flow generation and easing pressures on the project to meet its debt service payments.

Nevertheless, Alsacia's fragile financial condition means that its ability to meet debt service over the next 12 months could be impaired by relatively minor downward variations in its operational and financial performance, as well as its compliance with quality service indicators.

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