Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group - S&P Global Ratings’ Credit Research

Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group

Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group - S&P Global Ratings’ Credit Research
Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group
Published Jul 04, 2014
Published Jul 04, 2014
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About This Report

  
Abstract:

PT, which is in the process of merging with Brazil-based telecom company Oi, recently announced that it has €897 million (about R$2.7 billion) invested in commercial paper of Rio Forte, a member of Espírito Santo group. In our view, there is a possibility that PT might lose these investments, which will mature on July 15 and July 17, 2014, given the potential financial weaknesses of the Espírito Santo group. We are placing our 'BBB-' global scale and 'brAAA' national scale ratings on Oi S.A. on CreditWatch with negative implications. The CreditWatch placement reflects the possibility of a downgrade depending on our evaluation of the potential loss and its effect on Oi's financial risk profile and liquidity. SAO PAULO (Standard&

  
Report Type:

Ratings Action

Ticker
TEPR4@BZ
Issuer
Oi S.A.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers, Structured Finance
Country
Brazil
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group" Jul 04, 2014. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oi-S-A-On-CreditWatch-Negative-Following-Announcement-Of-Portugal-Telecom-s-Investments-In-Espirito-Santo-Group-1342489>
  
APA:
S&P Global Ratings’ Credit Research. (). Oi S.A. On CreditWatch Negative Following Announcement Of Portugal Telecom's Investments In Espirito Santo Group Jul 04, 2014. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oi-S-A-On-CreditWatch-Negative-Following-Announcement-Of-Portugal-Telecom-s-Investments-In-Espirito-Santo-Group-1342489>
  
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