Advanced Search

LatinNews Daily - 13 February 2019

Click here for printer friendly version
Click here for full report

In brief: Mexico

* Mexican media have reported that the government-run Mexico City Airport Group (GACM) has agreed to pay some M$34bn (US$1.77bn) to investors who hold bonds issued by a trust created to help finance the construction of the now cancelled New Mexico City International Airport project (NAICM). However, the US financial services company Standard & Poor’s still warns of a risk of litigation, stating thateven if debtholders have recourse to cash flow from the existing Mexico airport, uncertainties remain about litigation risks of the creditors who did not consent and the potential unintended consequences of the project’s wind-down”.