Fitch Ratings-Bogota/Barcelona-28 August 2023: Mass transit issuers in EMEA and Latin America are recovering after Covid-19, with ridership growing, but they face structural changes in public mobility behaviour post-pandemic and they still require government support, Fitch Ratings says in a new report. The ratings of most mass transit issuers reflect a solid link between them and their supporting governments.
Fitch rates 11 mass transit issuers in EMEA and Latin America. Fitch regards them as government-related entities as they are linked to a government tier given their mission to provide a public service. Government support is fundamental for them to help them enhance their network and rolling stock, and includes guaranteed debt, intergovernmental debt, capital transfers, co-financing and direct responsibility for debt service payments to fund large projects.
The report “EMEA & LatAm Mass Transit Issuers Still Need Government Support Post-Pandemic” is available via the link above or at www.fitchratings.com
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