Moody’s ups Autoroutes Paris-Rhin to Baa1

Moody's Investors Service said it upgraded the senior unsecured rating of Societe des Autoroutes Paris-Rhin-Rhone-APRR to Baa1 from Baa2 and the rating on its medium-term note program to provisional Baa1 from provisional Baa2.

The outlook is positive.

Moody’s said the upgrade recognizes the continued positive traffic performance on Autoroutes Paris-Rhin’s network, which the agency expects to lead to improved credit metrics on a consolidated basis, even taking into account the debt at its holding company Eiffarie.

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