Cuautitlan Izcalli Bags Interacciones Loan

Cuautitlan Izcalli Bags Interacciones Loan

Economy & Policy

The Municipality of Cuautitlan Izcalli will receive a MXP71.5m 15-year enhanced loan from Interacciones. The loan will pay a spread of 235bp over TIIE and is payable through a trust, to which the municipality has pledged the rights and flows of 8% of its federal participation transfers. It has been rated Ba3/A3.mx by Moody’s due to the underlying creditworthiness of the municipality and the legal and credit enhancements embedded in the loan. These include a strong trust structure, the estimated

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