Fitch assigns Televisa notes BBB+

Fitch Ratings said it has assigned a BBB+ rating to Grupo Televisa, SAB's proposed $400 million of senior unsecured notes due 2040.

Proceeds from the proposed issuance will be used by the company for liability management and general corporate uses, the agency said.

Fitch noted that it currently rates Televisa as follows: local currency issuer default rating BBB+; foreign currency issuer default rating BBB+; and national-scale long-term rating AAA(mex).

The outlook is stable.

Televisa's ratings reflect its strong business profile across operating segments, solid cash flow generation, extended maturity profile and ample liquidity, the agency said.

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