Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction - S&P Global Ratings’ Credit Research

Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction

Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction - S&P Global Ratings’ Credit Research
Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction
Published Oct 31, 2018
9 pages (3376 words) — Published Oct 31, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Mexico's president-elect, Andres Manuel Lopez Obrador (AMLO), announced that once in government, he will cancel the ongoing New Mexico City International Airport project (NAICM). Instead, his administration plans to build two runways at the Santa Lucia military base, improve the existing Mexico City Airport, and reactivate the Toluca airport in order to address the current capacity constraints in the capital city. Our rating case continues to be based only on the existing cash flows from the current airport, without giving any credit to the construction of any new facility and thus to incremental traffic. Therefore, despite new developments, we continue to expect cash flows coming from Grupo Aeroportuario de la Ciudad de Mexico S.A. de C.V. (GACM) to be sufficient

  
Brief Excerpt:

...(Editor's Note: S&P Global Ratings has clarified its rating case and composition of the trusts [at the end of the second paragraph in the Rationale section] and the refinancing rates [in the fifth paragraph in the same section].)...

  
Report Type:

Research Update

Issuer
Mexico City Airport Trust
Sector
Global Issuers
Country
Mexico
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction" Oct 31, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mexico-City-Airport-Trust-BBB-Debt-Rating-Placed-On-Watch-Negative-On-Plans-To-Cancel-The-New-Airport-Construction-2129659>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Mexico City Airport Trust 'BBB+' Debt Rating Placed On Watch Negative On Plans To Cancel The New Airport Construction Oct 31, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mexico-City-Airport-Trust-BBB-Debt-Rating-Placed-On-Watch-Negative-On-Plans-To-Cancel-The-New-Airport-Construction-2129659>
  
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