S&P Abandons CIE Upgrade (1)

S&P Abandons CIE Upgrade (1)

Mexico

S&P has affirmed the BB- long-term corporate credit rating on Mexico’s Corporacion Interamericana de Entretenimiento (CIE), as well as the B+ senior unsecured debt rating on its 2015 notes. It also removed the ratings from CreditWatch with positive implications, where they were put on August 17 after news of an MoU with Codere. The latter agreed to acquire a 49% interest in CIE Las Americas in exchange for Codere's 50% interest in the existing gaming joint ventures within CIE Las Americas. The e

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