Fitch Ratings has restored the AA(mex)' national scale rating on an ABS for Mexican toll road Chamapa-La Venta after the concessionaire running the project, Impulsora de Desarrollo Economico de America Latina (Ideal), submitted information required by the agency to properly assess the deal. Ideal is a unit of Grupo Financiero Inbursa, owned by Carlos Slim Helu, the seventeenth wealthiest person in the world as ranked by Forbes magazine.
Fitch had suspended the rating on Oct. 26 when Ideal failed to provide the necessary information. "We didn't have the information to perform an adequate analysis," said Salvador Salazar, associate analyst at Fitch. "Now it is flowing again." He said that the agency had never had problems with the concessionaire prior to this disruption. An official at Ideal said that the company had simply fallen behind in handing information over to Fitch.