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Prospect News home > News index > List of issuers E > Headlines for Empark Aparcamientos y Servicios, SA > News item |
S&P affirms Empark
S&P said it affirmed its BB long-term corporate credit rating on Empark Aparcamientos y Servicios, SA (Empark).
The outlook is stable.
At the same time, S&P affirmed its BB issue ratings on the 235 million secured fixed-notes due December 2019 and the 150 million secured floating-rate notes due December 2019. The recovery rating is unchanged at 4, reflecting an expectations of average (30%-50%; rounded estimate: 45%) recovery.
The revision of the business risk profile assessment reflects our opinion of Empark's relatively small size and small diversification compared with other transportation infrastructure peers, S&P said in a news release.
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