Moody's upgrades Aerodom on traffic recovery

Moody's upgrades Aerodom on traffic recovery

Corporate & Sovereign Strategy Credit Ratings Moody's Investors Service Bonds Debt Capital Markets Dominican Republic Chile Energy Tourism

Moody's has upgraded Dominican Republic airport concessionaire Aeropuertos Dominicanos Siglo XXI (Aerodom) by one notch to Ba3 with a stable outlook, citing "solid progressive" recovery of passenger traffic in the past year and through the first half of 2022. Passenger traffic climbed 94% in the first quarter of this year, compared to the same period of 2019, supported by "predominantly visiting family and relatives and business travel passengers," Moody's said in a report on Thursday. "The rati

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