January 15, 2020
Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) plans to raise MXN3 billion ($160 million) from the sale of new 2025 notes in the local market, the seventh issue under a five-year, MXN15 billion debt program, rating agency Moody's said in a report.
Moody's gave the upcoming notes an A3 rating on the global scale and a Aaa.mx on the local scale, citing the 8.4% increase in passenger traffic at GAP's airports in 2019. Both ratings have a stable outlook.
"The ratings also reflect GA
Mexican airport operator could raise $160 mln from the sale of new 2025 notes