Moody’s rates Grupo Aeroportuario del Pacifico certificados

Moody’s Investors Service said it assigned Baa1 global scale and Aaa.mx Mexican national scale ratings to Grupo Aeroportuario del Pacifico, SAB de CV’s proposed senior unsecured variable rate certificados bursatiles due 2025 (GAP 20-2) and senior unsecured fixed-rate certificados bursatiles due 2030 (GAP 20-3).

The proposed certificados will be the first and second drawdown, respectively, under the company’s Ps. 42.2 billion certificados bursatiles program, with a five-year tenor, the agency said.

GAP 20-2 and GAP 20-3 issuances together may not exceed Ps. 4.2 billion, Moody’s said.

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