Fitch rates VTR revolver BB+

Fitch Ratings said it affirmed VTR Finance BV's long-term foreign currency and local currency issuer default ratings at BB-.

The agency also affirmed the company's $1.4 billion senior secured notes due 2024 and assigned a new rating of BB+/RR2 to the revolving credit facility of VTR Comunicaciones SpA.

The outlook is stable.

“VTR's ratings reflect its strong market position in the Chilean telecom industry, primarily through Pay TV and Internet services,” Fitch said in a news release.

“VTR's ratings are supported by its competitive network quality, brand recognition and successful commercial strategy for its bundled services offerings.”

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