S&P shifts Terminales Portuarios

S&P said it changed the outlook for Terminales Portuarios Euroandinos Paita to stable from positive and affirmed the BB+ rating.

“The stable outlook reflects our expectation that Paita will continue to maintain a robust operating and financial performance in the upcoming 12 months, benefiting from increased volume levels above 7% given the pace of economic growth in Peru and the port's ongoing development, which combined with stable operating costs adjusted in line with Peruvian CPI, will lead to a DSCR of about 1.8x.” said S&P in a press release.

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