Moody’s upgrades Maxcom

Moody’s upgrades Maxcom

Corporate & Sovereign Strategy

Moody’s has upgraded Maxcom a notch to Caa1 and has given the same rating to the company’s $158m notes, the ratings agency said on Friday. The upgrade was prompted by Maxcom's successful exchange of its $200m 2014 bonds into new notes due 2020, improving the company's capital structure and liquidity with the injection of MXN2.2bn, Moody’s said in a statement. The ratings outlook changed to stable from negative. Maxcom completed its Chapter 11 bankruptcy proceedings in the United States in Novemb

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