Moody’s Downgrades Airport Notes

Moody’s Downgrades Airport Notes

Mexico

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial