Moody's could cut ProjectCo bonds

Moody's Investors Service said it placed the Baa2 rating on the C$1.37 billion of 6.721% senior secured amortizing bonds due 2049 and issued by Societe en Commandite Sante Montreal Collectif (ProjectCo) on review for downgrade.

The review follows Moody's April 27 action placing the Ba2 corporate family rating and probability of default rating of Obrascon Huarte Lain SA on review for downgrade.

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