Atlas Arteria (AU:ALX) has released an update.
Atlas Arteria has announced that Fitch Ratings has downgraded the rating of its Toll Road Investors Partnership II, L.P. bonds to ‘B+’ due to disappointing traffic recovery and regulatory decisions. Despite the downgrade, there is no breach of financing terms, and the interest rate on the bonds remains unchanged. This development may impact investor sentiment as Atlas Arteria continues to manage its global toll road portfolio.
For further insights into AU:ALX stock, check out TipRanks’ Stock Analysis page.
