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Lima Routes: Concession Enters ‘Default’ and Puts Pressure on the Municipality of Lima in the Midst of a Contract Dispute
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The financial situation of the concession of tolls in the capital opens a new front for the Metropolitan Municipality of Lima. The company Rutas de Lima, in charge of the operation of important concessioned roads, was declared in default after failing obligations for about US$500 million, according to S&P Global Ratings. The qualifier reduced the concessionary's debt to “D”, category that reflects non-compliance, after the company only managed t…
With recent information from S&P Global Ratings, Bloomberg reported that Rutas de Lima, a subsidiary of Brookfield Asset Management, has failed to pay bonds for US$ 500 million, “affecting pension funds that hold most of the debt.” In this regard, Management communicated with sources linked to this process to know exactly the situation of Rutas de Lima (RDL), taking into account that the company is currently in liquidation and is already outside…
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