6-K 1 pag6k_1010.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2014

 


GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V.
(PACIFIC AIRPORT GROUP)

(Translation of Registrant’s Name Into English)

 
México

(Jurisdiction of incorporation or organization)

 

 


Avenida Mariano Otero No. 1249-B
Torre Pacifico, Piso 6
Col. Rinconada del Bosque
44530 Guadalajara, Jalisco, México

(Address of principal executive offices)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F x Form 40-F o

 

(Indicate by check mark whether the Registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes o No x

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)

 
 

 

 

 

 

 

 

GRUPO AEROPORTUARIO DEL PACIFICO

ANNOUNCES ‘mxAAA’ CREDIT RATING

 

Guadalajara, Jalisco, Mexico, October 10, 2014 - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced that the credit ratings agency Standard & Poor’s assigned GAP a long-term credit rating of ‘mxAAA’ on the CaVal (Mexico) national scale. The outlook is ‘Stable’.

 

The stable outlook considers that, given the nature of the airport industry, and the expected increase in passenger traffic, GAP will continue obtaining solid cash flows with low debt levels, as well as a business risk profile that is satisfactory.

 

GAP expects to establish a long-term bond program in the local markets, which is expected to benefit its debt maturity profile. The Company expects to finance 100% of its investment projects for the next 5 years and refinance the total debt of its airports.

 

Rating Summary

 

Corporate Credit Rating: mxAAA/Stable/--

Business Risk: Satisfactory

Industry Risk: Low

Country Risk: Moderately high

Competitive Position: Satisfactory

 

Financial Risk: Modest

Cash Flow/Leverage: Modest

 

Modifiers

Diversification/Portfolio effect: Neutral

Capital Structure: Neutral

Liquidity: Adequate

Financial Policy: Neutral

Management and Governance: Fair

Comparative Rating Analysis: Neutral

 

For more information, refer to the full report at: www.standardandpoors.com

 

 

***

 

For more information please visit www.aeropuertosgap.com.mx or contact: 

    
    
In Mexico  In the U.S.
Miguel Aliaga, Institutional Relations Officer  Maria Barona
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.  i-advize Corporate Communications
Tel: 52 (33) 38801100   Tel: 212 406 3691
maliaga@aeropuertosgap.com.mx  mbarona@i-advize.com

 

 

 

 

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Company Description:

 

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”.

 

This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

 

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadenuncia.org/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

 

 

Press Release   Page 2 of 2
 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
   
  By: /s/ RAUL REVUELTA
Raul Revuelta
Chief Financial Officer

 

Date: October 10, 2014