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Article: Fitch Affirms Alestra's IDRs at 'B+'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- July 23, 2009
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MONTERREY, Mexico -- Fitch Ratings has affirmed Alestra, S. de R.L. de C.V.'s (Alestra) ratings as follows:
--Local currency Issuer Default Rating (IDR) at 'B+';
--Foreign currency IDR at 'B+';
--Senior notes due 2010 at 'BB-/RR3';
The Rating Outlook is Stable.
Alestra's ratings reflect its lower business risk profile, stable cash flow generation, continued positive free cash flow and sound credit metrics. The ratings are tempered by currency mismatch between debt and cash flows, refinancing risk regarding it 2010 notes, challenges in the long distance market and increased competition in data, internet and local services ...