Fitch: Outlook Stable in Latam Infra Projects Despite Lower Growth

NEW YORK--(BUSINESS WIRE)-- According to a new Fitch Ratings report, overall credit quality of rated infrastructure assets in Latin America should continue to exhibit steady performance despite lower economic growth. The report entitled: '2015 Midyear Outlook: Latin America Infrastructure' comments on sector-specific outlooks within the region.

The stable outlook on toll roads is underpinned by steady historical traffic volumes, low dependence on growth, and flexible debt structures. Exceptions are Brazil and Panama, where recent trends show a deceleration in traffic volumes. Credit fundamentals for airports are expected to remain stable, underpinned by rising traffic volumes and healthy non-aeronautical revenues.

Power projects are generally weathering the odds, with enduring drought in Brazil negatively affecting operating cash flows to hydro projects. Ratings remain supported by corporate and financial guarantees. Mexican wind projects are expected to exhibit improving performance, close to P50 levels.

As to availability projects, low complexity of operations and the credit quality of the offtakers support a stable sector outlook.

The full report, '2015 Mid-Year Outlook: Latin America Infrastructure,' is available at www.fitchratings.com

Additional information is available at 'www.fitchratings.com'.

2015 Midyear Outlook: Latin America Infrastructure (Steady Performance in a Slower Growing Region)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867613

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View source version on businesswire.com: http://www.businesswire.com/news/home/20150623006329/en/

Fitch Ratings
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
[email protected]
or
Alberto Santos, +1-212-908-0714
Senior Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Glaucia Calp, +57 1326 9999 x1110
Senior Director
or
Bernardo Costa, +55 11 4504 2607
Senior Director
or
Astra Castillo, +52 81 8399 9100
Director
or
Benjamin Tano, +1-212-612-7822
Director

Source: Fitch Ratings

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