Moody's rates Autopista del Maipo bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to Autopista del Maipo Sociedad Concesionaria SA's inflation-indexed Unidades de Fomento 6 million of senior secured bonds to be issued in the Chilean market.

The outlook is stable.

The agency added that the Aaa rating is based on the claims paying financial strength of MBIA Insurance Corp. which is the provider of an unconditional and irrevocable financial guaranty insurance policy for the bonds.

The 2006 senior secured bonds are on parity with existing project debt of UF 19.9 million, also insured by MBIA, Moody's said.

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