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Emerging MarketsEM LatAm

Mexico’s RCO gets double upgrade on refinancing

Mexico, autopista, motorway

Fitch and S&P upgraded Mexican road concessionaire Red de Carreteras de Occidente’s (RCO) senior-secured peso-denominated notes by one notch to BBB and BBB+ respectively on Monday on the back of the issuer’s plans to lower its refinancing risk through a MP4.1bn ($302m) local market bond.

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