Moody’s Lowers Axtel

Moody’s Lowers Axtel

Mexico Corporate & Sovereign Strategy

Moody's has downgraded Mexico’s Axtel to Caa2 from Caa1, it says, based on a poor liquidity position. The telecom’s low level of cash on hand as of midyear, MXP694m, casts doubt on its ability to face working capital needs and about MXNP450m in inter

Already have an account?

Free trial

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

Free Trial