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| Brief Excerpt: | ...Fitch's Sector Outlook: Stable Fitch Ratings' 2019 Outlook for the Latin American telecom has improved modestly, from Negative to Stable. Fitch believes leverage has generally peaked following a period of high investment and stagnant cash flows. While Fitch expects a more rational pricing environment to emerge in several of the markets, overall growth prospects remain muted. While no major regulatory developments are expected, new administrations could benefit telecom providers as the industry moves toward convergence and consolidation. Rating Trajectory: Static The rating trajectory for the sector has stabilized, following a five-year period where downgrades exceeded upgrades. One issuer is on Outlook Negative due to pressures on the Sovereign, and another is ineligible for an Outlook/Watch as it navigates a distressed debt exchange. Fitch does not expect a material change in the average credit quality of the issuers as underlying growth potential remains weak. Rating Distribution Weighting:... |
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| Report Type: | |
| Company(ies) | Telecom Argentina S.A.
, Oi S.A.
, Telefonica Chile S.A.
, America Movil SAB de CV
, Cable & Wireless Communications Limited
, Empresa Nacional de Telecomunicaciones S.A.
, Empresa de Telecomunicaciones de Bogota S.A. ESP
, Digicel Group Limited
, Axtel, S.A.B. de C.V.
, Colombia Telecomunicaciones S.A. E.S.P. BIC
, UNE EPM Telecomunicaciones SA
, Millicom International Cellular S.A.
, TELEFONICA CELULAR DEL PARAGUAY S.A.E.
, Comcel Trust
, Operadora de Sites Mexicanos SA de CV
, LIBERTY COMMUNICATIONS OF PUERTO RICO LLC
, VTR FINANCE NV
, Telefonica Moviles de Chile SA |
| Ticker(s) | AMX
, AXTEL
, CTC
, ENTEL
, ETB
, M4M1
, OIBR4
, TECO2 |
| Issuer | VTR Finance N.V. |
| Format: | | PDF |  |
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