Fitch affirms Telefonica

Fitch Ratings said it affirmed Telefonica del Peru SAA's local-currency issuer default rating at BBB+, foreign-currency issuer default rating at BBB and S/.754 million senior notes due 2016 at BBB.

The outlook remains stable.

The company also has an AAA(pe) national scale rating.

The ratings are supported by its strong consolidated financial profile, low leverage, healthy cash flow generation and manageable debt maturity, Fitch said.

The company and its subsidiaries occupy a solid business position as the largest Peruvian telecommunications group and a diversified revenue stream with integrated operations from their various business segments, the agency said.

© 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.