«

»

S&P’s new rating on Spanish motorway covered in the regional press

sptolrdAs a result of Moorgate outreach, Consenso del Mercado (Market Consensus) – a Spanish online magazine covering the financial markets and economic news – published Standard & Poor’s new long-term rating of ‘BBB’ on Spain’s Autopista del Sol (AUSOL), a 96-kilometre section of the AP7 road between Fuengirola and Guadiaro in southern Spain. At €507 million, AUSOL’s bond will be used to refinance an existing loan for the construction, operation, and maintenance of the road. The ‘stable’ outlook reflects S&P’s expectation of a steady recovery in traffic volumes – based on anticipated growth of the Spanish economy – as well as AUSOL’s considered stable operations. The road is owned by the Ferrovial Group, a global operator of services and infrastructure, whose creditworthiness affected the rating.

 

Please click here to see full story (please note this article is written in Spanish but can be translated).

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>