S&P rates Telecom Argentina notes BB-

S&P said it assigned its BB- long-term corporate credit rating to Telecom Argentina SA. The outlook is stable.

S&P also assigned a BB- issue-level rating to the company's proposed senior unsecured notes.

“Our rating on the company reflects our view that it will use its strong competitive position in Argentina and currently very low leverage to carry out considerable investments in the next three years to strengthen its growth prospects, profitability, and its market positioning, particularly in the mobile business,” S&P said in a news release.

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