Moody’s raises Costanera bonds to A3

Moody's Investors Service said it upgraded the rating on the bonds of Sociedad Concesionaria Costanera Norte, SA to A3 from Baa1.

The outlook is positive.

Moody’s said the change in the rating and positive outlook reflects the strong operating metrics of the toll road driven by sustained traffic growth and a dynamic pricing structure that have supported solid revenue growth on this asset.

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