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S&P puts Tele Columbus on watch
S&P said it placed its B- rating on Tele Columbus AG on CreditWatch with negative implications.
Tele Columbus' revolving credit facility is due in January 2021, less than nine months from now, S&P said.
Without the revolver, “we estimate Tele Columbus’ liquidity sources will just about cover liquidity uses by the end of 2020, making it more susceptible to adverse events and operational setbacks,” S&P said in a news release.
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