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Title: Fitch Expects to Rate Peruvian Securitization IIRSA Norte Finance Ltd 'BB'

Language: English

Type: Document

Nature: Website

Published: January 1, 2006

Region: Latin America and Caribbean (LAC)

Country: Peru

Keywords: PPP Tools *, PPP Online Reference Guide **, PPP Basics ***, Peru, PPP Reference Guide

Document Link(s):

Document Summary:

CHICAGO--July 21, 2006--Fitch has assigned a preliminary rating of 'BB' to IIRSA Norte Finance Limited, a Peruvian securitization of government payment obligations in connection with a toll road concession. The $226 million in transaction proceeds will be used to cover the costs of expansion and improvements on IIRSA Amazonas Norte, a 960 kilometer network of existing toll roads in northern Peru. The transaction also benefits from a $60 million partial guarantee (PG) provided by the Inter-American Development Bank (IDB). 

Document Details:

Fitch. 2006b. “Fitch Expects to Rate Peruvian Securitization IIRSA Norte Finance Ltd ‘BB’.” Press Release. Business Wire. July 21. Website. [#4400]

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