S&P rates Grupo Televisa notes BBB+

S&P said it assigned a BBB+ rating to Grupo Televisa SAB's proposed senior unsecured notes due 2049.

The proceeds will be used for general corporate purposes, including debt refinancing, S&P said.

The rating reflects Grupo Televisa's position as the second largest player in Mexico's fixed telecom market, the agency said.

The ratings also consider the company's leading position in Mexico's TV industry, S&P said.

The rating also recognize an expectation that net debt-to-EBITDA will remain at less than 2.5x, the agency said.

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