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Prospect News home > News index > List of issuers C > Headlines for Cablemás, SA de CV > News item |
S&P boosts Cablemás
Standard & Poor's said it upgraded Cablemás SA de CV, including raising the long-term corporate credit ratings.
The agency said it raised the global-scale rating to BB from BB- and the national-scale rating to mxA from mxA-.
At the same time, the agency said it removed the ratings from CreditWatch, where they had been placed with positive implications on May 16.
The outlooks are stable.
The rating action, undertaken after its review of Cablemás' business and financial prospects, reflects the implicit support provided by Grupo Televisa SAB. (BBB+/stable), the agency added.
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