Moody's rates Cuautitlan Izcalli loan A1.mx, Ba1

Moody's de Mexico said it has assigned a debt rating of A1.mx to an upcoming Mexican peso 71.5 million enhanced loan of the Municipality of Cuautitlan Izcalli from Interacciones.

Moody's Investors Service has also assigned a debt rating of Ba1 (global scale, local currency) to this loan.

The loan is payable through a trust, Deutsche Bank, to which the municipality has pledged the flows and rights of 8% of its federal participation transfers. The loan, which is denominated in Mexican pesos, with a maturity of 15 years, will pay an interest rate composed of the 28-day Mexican Interbank Interest Rate plus a spread of 235 basis points.

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