New York, April 17, 2015 -- On April 13, 2015, Empresas ICA, S.A.B. de C.V. (B2 stable), the Mexican engineering and construction company, announced a MXN 3 billion deal with Caisse De Dépôt Et Placement Du Québec (CDPQ, unrated) that gives the Canadian investment management firm a 49% stake in a new joint venture to place house ICA's toll-road projects into a single entity. The transaction is credit positive for ICA, which will use most of the proceeds to continue deleveraging.
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