Fitch ups International Airport Finance

Fitch Ratings said it upgraded the long-term rating assigned to International Airport Finance SA's $400 million of senior secured notes to B from B-. The issuance was made in connection with Corporacion Quiport SA, the concessionaire of Quito's Mariscal Sucre International Airport.

“Quiport's upgrade reflects the airport's operational and financial performance significantly above Fitch's projections, which is now commensurate with a higher rating, along with the expectation that it will be sustained in the long term,” the agency said in a press release.

The outlook is positive.

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