Moody's cuts Axtel CFR to Caa2

Moody's Investors Service said it downgraded Axtel, SAB de CV's corporate family rating to Caa2 from Caa1 given the company's higher probability of default due to its tight liquidity position and weak operating performance.

Simultaneously, Moody's affirmed Axtel's global notes at Caa2.

The outlook remains negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.