Fitch acts on Panamanian infrastructure issuers

Fitch Ratings said it acted on the ratings of four issuers of Panama’s infrastructure sector.

Fitch downgraded Autoridad del Canal de Panama’s long-term issuer default rating and its $450 million of senior unsecured notes to A- from A.

The agency lowered Aeropuerto Internacional de Tocumen SA’s 2018 $875 million senior secured debt and 2016 $575 million senior secured debt to BB+ from BBB-.

Fitch also trimmed ENA Master Trust’s $400 million of senior secured notes to BBB from BBB+.

Finally, the agency downgraded ENA Norte Trust’s $600 million of senior secured notes to BB- from BB.

The outlook for the issuers is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.