Fitch rates Metro notes A-

Fitch Ratings has assigned an expected rating of A- to Empresa de Transporte de Pasajeros Metro SA's proposed senior notes up to $650 million, expected to be due in 2061.

Proceeds from the note issuance will be used to finance expansion projects and general corporate purposes.

Fitch said the expected rating of the notes is at the same level of Metro's foreign currency issuer default rating of A-, since it reflects by definition, the timely payment of the entity's financial obligations in foreign currency.

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