S&P alters Mega outlook to stable

S&P said it changed the outlook for Operadora de Servicios Mega SA de CV (Gfmega) to stable from negative and affirmed the BB- ratings on the company and its senior unsecured notes for up to $500 million.

“The stable outlook reflects our view that Gfmega will expand its business with manageable asset quality indicators, adequate capitalization levels and a gradual improvement in its funding profile, while maintaining sufficient liquidity to meet its financial obligations for the next 12 months,” the agency said in a press release.

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