Moody’s changes Axtel view

Moody's Investors Service said it affirmed Axtel, SAB de CV's B2 corporate family rating.

The outlook was changed to stable from negative.

“The affirmation of the rating and the change in outlook to stable reflects Axtel ability to improve its credit profile beyond Moody's expectations during 2023,” the agency said in a news release.

“The improvement resulted from Axtel's ability to sustain revenue growth fueled by the enterprise and government segments.”

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