This report does not constitute a rating action. Aeropuerto Internacional de la Ciudad de México (AICM; Mexico City International Airport)'s total traffic for the year as of September 2025 reached 33 million passengers, a slight contraction of 2.5% against the first nine months of 2024. The reduction is explained by a 5% decrease in domestic passengers that we mainly attribute to the migration of domestic routes to the Felipe Ángeles International Airport, while international traffic increased 1.5% during the same period. We maintain our previous forecasts of around 45 million passengers by the end of 2025, as well as our expectations of a minimum debt service coverage ratio (DSCR) above 3.0x and a median of about 3.2x throughout the life
