Mexicana Impact on Airports Unclear: Moody’s

Mexicana’s restructuring process should affect the operations of its rated Airport owners, Moody’s says. though the affect is uncertain. The agency is not currently taking any rating action the two entities it rates in the sector, the Aeroinvest trust (Ba1), an owner of Grupo Aeroportuario Centro Norte or FUMISA (Ba2), the Mexico City Airport trust. Moody’s notes Airport credits have already been facing other pressures primarily brought on by the economic slowdown. Moody’s does not rate Mexicana, but rates Grupo Posadas, owner of a 30% stake in Mexicana’s parent, B2.