Entel Downgraded on Acquisition Debt

Oct 1, 2013

Moody's has downgraded Empresa Nacional de Telecomunicaciones (Entel) to Baa2 from Baa1, it says. The move is based on the telecom’s elevated leverage following the acquisition of...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management