S&P affirms Autovia loan

Standard & Poor's said it affirmed its B+ underlying long-term debt rating on Autovia de la Mancha, SA's €110 million senior secured amortizing loan maturing in July 2031.

The agency said it also removed the rating from CreditWatch with negative implications. The outlook is negative.

The agency said the insured AA- rating and stable outlook on the company's debt continue to reflect the unconditional and irrevocable guarantee provided by Assured Guaranty (Europe) Ltd.

S&P said the rating action reflects its understanding that, as of July 24, the government of Spanish region Castile La Mancha has honored all pending shadow toll payments to Autovia, in line with its previously expressed commitment to restore Autovia's financial stability.

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