ITRCC - What does ITRCC stand for? The Free Dictionary
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While this analysis allows Fitch to assess the affordability of the initial debt structure, taking into account the useful life of the asset and concession term, Fitch acknowledges that it is highly unlikely ITRCC would follow this strategy in refinancing its maturing obligations.
All outstanding debt was issued in mid-2015 in order to refinance the 2015 IFM Investors acquisition financing for ITRCC through a bankruptcy restructured sale process.
pdf) approved the sale of the ITRCC
to the Australian firm IFM investors for (http://www.
According to IFM, the agreement requires ITRCC
to operate and maintain the road and grants ITRCC
the exclusive right to collect toll revenues from the toll road during the term of the Concession Agreement, which has a remaining life of 66 years.