Moody's may upgrade Entel

Moody's Investors Service said it placed Empresa Nacional de Telecomunicaciones SA's (Entel) Baa2 long-term issuer rating on review for possible upgrade following improvements in the company's credit metrics, which the agency attributed to the business focus on the profitable wireless business and disciplined expense management.

The review will focus on the company's revenues and margins growth prospects and on expected debt levels over the long term, the agency said.

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