Ausol Takes Restructuring Road

Ausol Takes Restructuring Road

Corporate & Sovereign Strategy

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 rating to D upon failure to meet the upcoming payment. Rising debt maturities, Argentine macroeconomics, rising costs, inflation

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