Moody’s lifts Aumancha loan to Ba3

Moody's Investors Service said it upgraded the underlying rating to Ba3 from B1 of the €110 million guaranteed senior secured loan due 2031 raised by Autovia de la Mancha SA (Aumancha).

The outlook was changed to stable from positive.

The rating on the loan, taking into account the benefit of a guarantee of scheduled payments of principal and interest provided by Assured Guaranty (Europe) Ltd. (A2 stable, the Insured Rating), is unchanged at A2.

Moody’s said the upgrade reflects the positive impact on Aumancha's financial metrics of a significant increase in its traffic volumes in the last two years combined with the four-year track record of timely payments from the offtaker.

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