Edition 1442
23 September 2017
Edition: 1442

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Moody's upgrades transport infrastructure outlooks

by TPN/ Lusa, in News · 06-09-2017 07:22:00 · 0 Comments

Rating agency Moody's upgraded the outlook for Portuguese Motorway company Brisa Concessão Rodoviária on Tuesday, following an upgrade in its outlook for Portuguese government debt.

Moody's upgrades transport infrastructure outlooks

 

Moody's has kept its rating for Brisa at Baa3 (the first level above junk), but upgraded the outlook to positive, meaning the rating may be improved at the next review.

 

The agency said that as the Portuguese economy improves, Brisa’s earning should also improve because of higher numbers of vehicles on its motorways.

 

Moody's had earlier upgraded the rating of the Portuguese road and rail infrastructure company, Infraestruturas de Portugal, but kept its rating at Ba2 (a junk rating).

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Edition 1442
23 September 2017
Edition: 1442

Read this week's issue online exactly as it appears in print.

Twitter