Mexico’s RCO gets double upgrade on refinancing

Oliver West

November 11, 2014 03:45 am

Mexico, autopista, motorway — Chilpancingo, Mexico. 26th October 2014 -- The Autopista del Sol and the free highway are blocked. Student teachers prevented the transit of trucks during a blockade lasting 8 hours as they demanded the safe return of 43 classmates who disappeared in late September. -- A blockade lasting eight hours was held on the Autopista del Sol by student teachers demanding the safe return of 43 classmates who disappeared on September 26th. Students allowed ambulances and buses with children to pass through the road block. | D√©bora Poo Soto / Demotix/Demotix/Press Association Images

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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Oliver West

US Bureau Chief - Latin America Editor