Fitch affirms Cablemas

Fitch Ratings said it has affirmed Cablemas, SA de CV's ratings as follows: local currency issuer default rating at BB-; foreign currency issuer default rating at BB-; and national-scale long-term rating at A(mex).

The outlook is stable.

In addition, Fitch said it affirmed Cablemas' $175 million of 9 3/8% senior notes due in 2015 at BB-.

Cablemas' ratings are based in its solid operating network, geographically diverse subscriber base, improving financial position, increasing competition and current negative cash flow generation, the agency said.

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