S&P rates Grupo Televisa notes BBB+

S&P said it assigned its BBB+ senior unsecured local currency rating to Grupo Televisa SAB's global depository notes.

The notes, in the amount of Ps. 4.5 billion, represent underlying local-currency securities already issued with an interest rate of 8.79% and a maturity in 2027.

The agency said the rating on the notes addresses the payment risk associated with Televisa's payment obligations on the underlying cebures.

S&P said the ratings on Televisa reflect an expectation that it will maintain its leading position in the Mexico's TV industry and an expectation that the company will deliver satisfactory revenue growth and strong EBITDA contributions from its cable and SKY segment.

© 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.