Atlas Arteria ( (AU:ALX) ) has provided an update.
Atlas Arteria announced that S&P Global Ratings downgraded the underlying rating of Toll Road Investors Partnership II, L.P.’s long-term senior unsecured bonds from ‘BB-‘ to ‘B+’, with a negative outlook due to uncertainties surrounding toll increases. Despite the downgrade, there will be no breach or default under TRIP II’s financing documents, and the interest rate on the bonds remains unaffected.
More about Atlas Arteria
Atlas Arteria is a global owner, operator, and developer of toll roads, focusing on creating long-term value for investors through disciplined management. The company operates toll road businesses in France, Germany, and the United States, including interests in the APRR toll road group in France, the Chicago Skyway in the US, and the Warnow Tunnel in Germany.
YTD Price Performance: 8.48%
Average Trading Volume: 868
Technical Sentiment Signal: Buy
Current Market Cap: $4.53B
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