OREANDA-NEWS. According to a new Fitch Ratings report, overall credit quality of rated infrastructure assets in Latin America should continue to exhibit steady performance despite lower economic growth. The report entitled: '2015 Midyear Outlook: Latin America Infrastructure' comments on sector-specific outlooks within the region.

The stable outlook on toll roads is underpinned by steady historical traffic volumes, low dependence on growth, and flexible debt structures. Exceptions are Brazil and Panama, where recent trends show a deceleration in traffic volumes. Credit fundamentals for airports are expected to remain stable, underpinned by rising traffic volumes and healthy non-aeronautical revenues.

Power projects are generally weathering the odds, with enduring drought in Brazil negatively affecting operating cash flows to hydro projects. Ratings remain supported by corporate and financial guarantees. Mexican wind projects are expected to exhibit improving performance, close to P50 levels.
As to availability projects, low complexity of operations and the credit quality of the offtakers support a stable sector outlook.

The full report, '2015 Mid-Year Outlook: Latin America Infrastructure,' is available at www.fitchratings.com.