Moody’s ups Mexico Generadora view to stable

Moody's Investors Service said it affirmed the Baa2 rating assigned to the senior secured notes of Mexico Generadora de Energia, S. de RL and changed the outlook to stable from negative.

The rating action follows the affirmation of the Baa2 rating of Minera Mexico, SA de CV (Baa2, stable) and the outlook change to stable. Minera Mexico, which is 100% owned by Southern Copper Corp. (Baa2 stable), is Mexico Generadora’s ultimate offtaker.

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