S&P affirms Ruta del Bosque

Standard & Poor's said it affirmed the BB+ senior secured debt rating on the fixed-rate notes of Ruta del Bosque Sociedad Concesionaria SA.

The outlook remains stable.

The affirmation takes into consideration the project's good recent revenue and traffic performance stemming from a growing economy, S&P said.

The company already has received substantial insurance payments for property damage, offsetting the impact of the February 2010 severe earthquake that badly damaged the road, the agency said.

© 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.