Mexico City Airport's Green Evaluation Report To Be Removed From Public Circulation Jan. 31, 2019, Or Sooner

OVERVIEW On July 21, 2017, S&P Global Ratings published its point-in-time Green Evaluation of 98% of Mexico City Airport Trust's US$6 billion program. The bulk of the program was to fund the ongoing construction of a new terminal building at the New Mexico City International Airport project (NAICM), some solar power generation, and wastewater treatment facilities. On Dec. 3, 2018, the Mexican government announced that construction on the NAICM project was still ongoing. However, we note that the government's announced intention is to stop construction and cancel the project once it has negotiated consent with bondholders to reflect the policy change with respect to NAICM in the indenture. Once the government executes the cancellation of the NAICM construction project or

...OVERVIEW + On July 21, 2017, S&P Global Ratings published its point-in-time Green Evaluation of 98% of Mexico City Airport Trust's US$6 billion program. The bulk of the program was to fund the ongoing construction of a new terminal building at the New Mexico City International Airport project (NAICM), some solar power generation, and wastewater treatment facilities. + On Dec. 3, 2018, the Mexican government announced that construction on the NAICM project was still ongoing. However, we note that the government's announced intention is to stop construction and cancel the project once it has negotiated consent with bondholders to reflect the policy change with respect to NAICM in the indenture. + Once the government executes the cancellation of the NAICM construction project or by Jan. 31, 2019 (whichever comes first), we expect to remove our July 21, 2017, point-in-time green evaluation from public circulation. Given their point-in-time nature, S&P Global Ratings typically removes its green...

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