Moody's de Mexico assigned Baa3 (Global Scale, local currency) and Aa3.mx (Mexico National Scale) ratings to the following three enhanced loans: - MXN 1.7 billion enhanced loan from BBVA Bancomer (original face value) with a maturity of 20 years. - MXN 1.157 million from Interacciones (original face value) with a maturity of 15 years - MXN 1 billion enhanced loan from Banobras (original face value) with a maturity of 30 years The enhanced loans are payable through a master trust ( Evercore as trustee), to which the state has pledged the flows and rights to 92.8% of its federal participation revenues. All the loans under this master trust share the cash flow and are paid on a pari passu basis. The MXN 1.7 billion enhanced loan from BBVA Bancomer and the MXN 1 billion enhanced loan from Banobras have been contracted to finance new investments, while the MXN 1.157 billion enhanced loan from Interacciones is refinancing a previous loan with the same bank that was contracted in 2012.
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