London, 18 July 2016 -- Moody's Investors Service (Moody's) has today assigned a provisional (P)Baa2 rating to the senior secured bonds to be issued by Autoroute de Liaison Seine-Sarthe S.A. (Alis). Alis is planning to issue up to EUR890 million of senior secured bonds in two tranches maturing in 2032 and 2046 (the Bonds) to fully refinance its existing senior financial indebtedness. Proceeds from the Bonds will also fund reserves, cover transaction costs and potentially refinance some of the existing subordinated debt. Alis operates a 125-km tolled stretch of the A28 motorway in North West France under a concession expiring in 2067. The rating outlook is stable.

Vollständigen Artikel bei Moodys lesen