Moody’s Downgrades Airport Notes

Moody’s Downgrades Airport Notes


Mexico City Airport Trust’s $64m dollar notes and $24m equivalent UDI notes have been downgraded by Moody’s to Ba3 with a negative outlook, from Ba2. The outlook reflects a potential continuation of negative circumstances, which could further weaken credit quality. The rating was placed under review for downgrade following the bankruptcy filing by Mexicana in August. The airline represented 33% of passenger traffic through Terminal 1, which could affect the financial performance of tenants, whos

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