Ausol Takes Restructuring Road

Nov 11, 2009

Argentine toll road operator Autopistas del Sol plans to restructure its debt, including a $9m interest payment due November 23. As of June 30, Ausol had about $307m in total debt, comprised of $152.5m notes with final maturity in 2014 and $155.0m due in 2017, according to S&P, which Tuesday chopped the credit to CC from CCC. The agency says it expects to lower the...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management