Moody’s Considers Upgrade for Net and Embratel

Moody’s Considers Upgrade for Net and Embratel

Brazil Corporate & Sovereign Strategy

Moody’s has put cable company Net Servicos’ Ba1 corporate family rating and Brazilian telecom Embratel’s Baa2 on review for possible upgrades as new regulatory changes look set to shakeup the sector. This comes after the elimination of a 49% foreign ownership cap for Brazilian cable companies and a new law that allows fixed-line telecom companies to offer TV services over their networks, the agency says. The review process was also triggered by the possibility that Embratel, which is majority ow

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial