Moody’s hikes Metropistas to high grade

Moody's Investors Service said it upgraded Metropistas' $435 million of 6.75% amortizing senior secured notes due 2035 to Baa3 from Ba1.

“Today's rating upgrade reflects Metropistas' strong credit metrics and traffic resilience to different shocks, including hurricanes, weak economic environment and quick recovery after the pandemic. A key credit strength is Metropistas' 23-year concession tail which provides them considerable financial flexibility,” Moody’s said in a statement.

The outlook remains positive.

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