(Finance) – Fitch Ratings has confirmed the senior secured notes of Brebemi Project Company at “BB+“. L’outlook is negative. The affirmation of the judgment considers the recent positive traffic performance in Brebemi, as well as stronger-than-expected revenue and debt service coverage ratio (DSCR) metrics for 2022.
The negative outlook reflects the limited visibility of the approval economic plan and final and gods recent regulatory changes in the 2023 pricing. Together, these exert some pressure on the short-term DSCR, given higher debt service obligations.