MEXICO CITY (S&P Global Ratings) Aug. 13, 2020--S&P Global Ratings today said that the Mexico City Airport Trust (Mexcat; BBB/Watch Neg/--) continues to face downside risks, because we believe there is still a high degree of uncertainty about the evolution of the pandemic and its effect on Mexico's economy and the aeronautical industry. Thus, the ratings on Mexcat's bond continue to be on CreditWatch with negative implications. Mexcat saw passenger volume recover in June and July with about 550,000 and 1 million passengers, respectively, up from about 300,000 passengers each month in April and May. This, along with the passenger traffic growth in the first two months of the year, have made the project's revenues sufficient to cover the entire
