Fitch Upgrades Alestra

Fitch Upgrades Alestra

Mexico Corporate & Sovereign Strategy

Fitch has upgraded Alestra’s credit ratings to BB from BB minus, it says, based on an improved financial profile. The agency expects the Mexican telecom will have the ability to refinance the maturity of the $200m senior notes due in 2014, based on its proven access to the local bank and capital markets and the support and bank relationships of its parent Grupo Alfa. It also notes positive operational performance, stable and predictable cash flow generation, historical positive free cash flow an

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