S&P lowers Vivacom

S&P said it downgraded Vivacom to B+ from BB-, citing concerns about the company’s financing at Vivacom’s parent.

“The downgrade reflects that the planned maturity extension of the debt at the holding company is taking longer than we previously anticipated. We understand that the parent company is working on a maturity extension until the transaction with United Group closes,” said S&P in a press release.

The agency said it sees resovling the CreditWatch placement from November once the transaction closes.

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