Sociedad Concesionaria Costanera Norte S.A. -- Moody's revises the outlook to positive on Sociedad Concesionaria Costanera Norte S.A.'s outstanding bonds and affirms the Baa1 rating
New York, December 26, 2012 -- Moody's Investors Service has changed the outlook on the rating for SociedadConcesionariaCostanera Norte S.A. to positive from stable. The revised outlook is based on the expectation of moderate traffic and revenue growth that support strengthening financial metrics and the maintenance of historical liquidity levels. Positive trends that could lead to an upgrade include sustained growth in traffic that leads to debt service coverage levels over 3.0x, as well as greater clarity on the timing, financing plans and potential effect of the new expansion projects on the current financing.
