Fitch: Gains for Grupo Televisa

Fitch Ratings said Grupo Televisa, SAB's business profile will benefit from the proposed investment in Univision Communications Inc. given the attractive dynamics of the Hispanic market in the United States, as well as the improved economic conditions if the Program License Agreement is amended as announced/

The agency said the U.S. Hispanic broadcasting industry is expected to grow due to the spending power of the Hispanic demographic.

The company's liquidity will be reduced and net leverage will increase, the agency said.

The company's credit profile continues to be supported by its strong positive cash flow generation and extended debt maturities, Fitch added.

© 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.