Fitch gives Axtel notes BB

Fitch Ratings said it has assigned the following ratings for Axtel, SAB de CV: local currency issuer default ratings at BB; foreign currency issuer default rating at BB; and proposed senior notes due 2019 for up to $300 million at BB.

In addition, Fitch said it has affirmed Axtel national-scale rating at A+(mex).

The outlook is stable.

Fitch added that Axtel's ratings are supported by its business position as the largest CLEC in Mexico, moderate financial profile, adequate liquidity and the expectation of positive free cash flow going forward.

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