S&P revises Autovia de la Mancha view to negative

S&P said it revised the outlook for Autovia de la Mancha SA to negative from stable.

The revision follows the consolidation of Autovia with two other companies, and under Spanish law, Autovia is now liable for any unpaid taxes by the other two entities, S&P said.

The senior secured loan remains subject to a guarantee of the payment of scheduled interest and principal provided by the monoline insurer, Assured Guaranty (Europe) plc, the agency said.

The S&P underlying rating remains BB+.

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