October 31, 2010
S&P has raised its ratings on Argentine road operator Autopistas del Sol (A
S&P has raised its ratings on Argentine road operator Autopistas del Sol (Ausol) to B minus from D following completion of its debt restructuring. Ausol finalized the agreement at the beginning of the month, getting 95.7% of creditors holding its $360m in debt to agree to extend maturities. “The debt restructuring combined with the approval for incremental tariffs during 2009-2010 has allowed a certain room for maneuvering,” S&P says, noting repayment ability through the next 3-4 years.