Region: Latin America and Caribbean
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).
Fitch. 2006b. “Fitch Expects to Rate Peruvian Securitization IIRSA Norte Finance Ltd ‘BB’.” Press Release. Business Wire. July 21. Website. [#4400]
Updated: June 27, 2022