Moody´s rates Grupo Aeroportuario, notes Baa1

Moody’s Investors Service said it assigned Baa1 and Aaa.mx (Mexico national scale) ratings to Grupo Aeroportuario del Centro Norte, SAB DE CV (OMA).

Concurrently, the agency gave Baa1/Aaa.mx debt ratings to OMA's outstanding senior unsecured fixed-rate Ps. 1.5 billion certificados bursatiles (OMA13) due on March 14, 2023 and Ps. 3 billion certificados bursátiles (OMA14) due on June 7

Moody's also rated Baa1/Aaa.mx OMA’s proposed senior unsecured variable-rate certificados bursatiles due 2026 (OMA 21V) and senior unsecured fixed-rate certificados bursatiles due 2028 (OMA 21-2).

The planned certificados bursatiles will be the first and second drawdown, respectively, under OMA's Ps. 15 billion certificados bursatiles (local long-term revolving) program with a five-year tenor. Together OMA 21V and OMA 21-2 issuances may not exceed Ps. 3.5 billion.

The outlook is negative.

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