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S&P affirms Mexico City Airport debt
S&P said it affirmed its BBB+ issue-level rating on Mexico City Airport Trust's $6 billion senior secured debt.
The outlook remains stable.
The BBB+ rating continues to reflect the credit quality of the sponsor of the transaction, Grupo Aeroportuario de la Ciudad de Mexico SA de CV, the agency said.
The rating depends on the sponsor because the continued operation of the Mexico City airport is critical to generating airport passenger revenue that will support debt repayment, S&P said.
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