S&P revises Entel to negative

Standard & Poor's said it revised its outlook on Empresa Nacional de Telecomunicaciones SA (Entel) to negative from stable.

At the same time, the agency affirmed all ratings, including the BBB corporate credit and issue-level ratings.

"The outlook revision reflects our view that weaker credit measures are likely to persist throughout the next 12 months because of greater-than-expected losses in the company's Peruvian operations," S&P credit analyst Francisco Serra said in a news release.

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