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Fitch rates Tocumen debt BBB
Fitch Ratings said it assigned a BBB rating to Aeropuerto Internacional de Tocumen SA’s $575 million senior secured debt due 2036, along with a AAA(pan) rating.
The outlook is stable.
Fitch also said it affirmed the company’s $650 million senior secured debt due 2023 at BBB, AAA(pan) and AAA(slv) and revised its outlook to stable from negative following successful placement of the $575 million notes.
The company placed $575 million 20-year bonds with a coupon of 5.625%. The raised amount is sufficient to fully fund the near-term capital needs for the completion of the south terminal and ancillary works, the agency said.
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