Default Averted On Cintra’s SH130

Moody’s this month confirmed its earlier junk rating on Cintra’s SH 130 Concession Co. debt and warned that the special purpose toll road company could default on its senior loan interest and related swap payments, which were due on June 30, 2014.

Alarm bells didn’t ring, which probably means that creditors of the concession company have agreed to take partial payment until a full restructuring can be completed, this fall or later, according to Moody’s.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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