S&P gives Televisa notes BBB+

Standard & Poor's said it assigned its BBB+ rating to Grupo Televisa SAB's $500 million senior unsecured notes due 2018.

At the same time, the agency said it affirmed its BBB+ long-term corporate credit rating and our mxAAA long-term national-scale rating on Televisa.

The outlook is stable.

The agency said that the proceeds will be used for general corporate purposes, repaying outstanding indebtedness and repurchasing shares, adding that its ratings on Televisa reflect the company's improving financial performance, based on its strong free cash-flow generation, high operating margins and ample liquidity.

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