Moody's acts on two Mexican toll roads

Moody's Investors Service said it affirmed the Baa1, global scale, local currency, and upgraded the Mexico national scale rating to Aaa.mx from Aa1.mx of certificados bursatiles Ganacb 11U issued by Autopista Amozoc-Perote Invex F/3101 toll-road and changed the outlook to stable from negative.

“The change of outlook to stable from negative reflects our expectations that the terms and conditions of the existing concessions will remain unchanged over the next 12 to 18 months, provided confirmation from the company's executives that there has been no formal legal action against the existing concession initiated by the granting authority, the Ministry of Communications and Transportation (SCT), to this date,” the agency said in a press release.

Concurrently, Moody's affirmed the Baa1 global scale rating of certificados bursatiles Matcb 05U issued by Libramiento de Matehuala HSBC F/209635 and upgraded Mexico national scale rating to Aaa.mx from Aa1.mx. The outlook remained stable.

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