Fitch ups Alestra

Fitch Ratings said it upgraded Alestra, S. de R.L de CV's local currency and foreign currency issuer default ratings to BB- from B+ and affirmed its $200 million senior notes due 2014 at BB-.

The outlook is stable.

The upgrades are supported by Alestra's continued stable operating performance, moderate leverage, manageable debt maturity profile, lower business risk and stable cash flow generation, Fitch said.

Alestra's ratings also reflect its position as a niche service provider, its small scale, advanced network infrastructure, moderate regulatory risk and sound financial profile, the agency said.

The ratings are tempered by the currency mismatch between debt and cash flows, challenges in the long distance market and competition in data, internet and local services, Fitch said.

For the 12 months ended Sept. 30, the total debt-to-EBITDA ratio was 2.1 times.

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