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Article: Fitch Rates Alestra's Proposed Sr. Notes 'BB-/RR3'.
- Article from:
- Business Wire
- Article date:
- July 27, 2009
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MONTERREY, Mexico -- Fitch Ratings has assigned a 'BB-/RR3' rating to Alestra, S. de R.L. de C.V.'s (Alestra) proposed US$200 million senior unsecured note issuance due 2014. Proceeds from the proposed issuance are expected to be used for refinancing Alestra's 2010 senior notes and general corporate uses.
Fitch currently rates Alestra as follows:
--Local currency Issuer Default Rating (IDR) 'B+';
--Foreign currency IDR 'B+';
--Senior notes due 2010 '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 ...