August 10, 2020 |
Moody's said Friday that it had changed the outlook of Latin America's telecommunications industry to negative from stable due to strain on cash flow created by the coronavirus pandemic.
"Latin American telecom is relatively downturn-resistant compared to other industries, but companies are not immune to the economic stress brought by the pandemic," the rating agency said.
The metric that Moody's uses to measure Latin American telecom cash flow — EBIDTA minus capital investments, or capex — is o
EBITDA is forecast to fall this year as capex keeps rising, rating agency says