U.S. Markets closed

Consorcio Transmantaro S.A. -- Moody's assigns Baa3 rating to Consorcio Transmantaro's $400 million proposed senior unsecured notes

Moody's Investors Service ("Moody's") has assigned a Baa3 global scale rating to the $400 million senior unsecured notes due 2034 to be issued by Consorcio Transmantaro S.A. ("CTM" or "the company"). Proceeds from the offering will be largely used to fund the early redemption of CTM's outstanding bank loans and for capex purposes. The assigned rating is based on preliminary documentation received by Moody's as of the rating assignment date.