Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Promotora y Administradora de Carreteras SA de CV > News item |
S&P affirms Promotora y Administradora de Carreteras
Standard & Poor's said it affirmed its AAA long-term rating and AAA(mx) rating on the CaVal-scale on Promotora y Administradora de Carreteras SA de CV's Mexican peso 4.2 billion wrapped fixed-rate notes due 2028, issued in inflation-protected units by a trust in Nacional Financiera SNC.
S&P said it also affirmed the BBB+ underlying rating on the notes.
The outlook is stable.
At the same time, S&P said it affirmed its A+(mx) rating on the MxP1.47 billion subordinated debt due 2030.
The ratings reflect the unconditional and irrevocable guarantee of payment of scheduled interest and principal provided by MBIA Insurance Corp. (MBIA, AAA/stable), by means of MBIA's financial guarantee insurance policy, the agency added.
© 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.