Fitch affirms Alestra

Fitch Ratings said it has affirmed its ratings of B- to the foreign and local currency debt obligations of Alestra SA de RL de CV.

The ratings apply to $387 million in outstanding securities, including $304 million of senior notes due 2010, $46 million of senior notes due 2009 and $37 million of senior notes due 2006.

The outlook is stable.

Fitch said the ratings reflect Alestra's business position as a niche provider of long distance, data and local service catering to the Mexican corporate sector and an improved financial profile following the recapitalization and debt restructuring completed during November 2003.

The new lower debt levels, cost of debt and associated debt-service requirements better match Alestra's cash flow generation to its debt-servicing needs.

© 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.