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 affirms Cablemas' $175 million of 9.375% coupon senior notes due in 2015 at BB-.

According to the agency, Cablemas' ratings are based on its solid operating network, geographically diverse subscriber base, stable financial position, increasing competition and continued negative cash flow generation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.