Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Oi S.A.

Research Update: Oi Downgraded To 'B+' From 'BB-' And Placed On Watch Negative On Failed Merger Proposal

Published Feb 26, 2016

About This Report

Abstract:

LetterOne disclosed yesterday that Telecom Italia doesn't want to participate in the potential merger with Oi, which would have accompanied a capital injection of up to $4 billion into the company. As a result, we believe that Oi now faces more challenges to reduce its high debt. We're lowering our global scale corporate credit and issue-level ratings on Brazil-based telecommunications company Oi to 'B+' from 'BB-' and our national scale ratings to 'brBBB-' from 'brA-'. At the same time, we placed the ratings on CreditWatch with negative implications, indicating that we might lower the ratings by more than one notch in the next three months depending on Oi's strategy to reduce debt. On Feb. 26, 2016, Standard&Poor's Ratings

Report Type:

Research Update

Ticker

TEPR4@BZ

Issuer

Oi S.A.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers, Structured Finance

Country

Brazil

Region

Latin America

Format:

PDF

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Oi Downgraded To 'B+' From 'BB-' And Placed On Watch Negative On Failed Merger Proposal – 2016/02/26 – US$ 150.00

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Bulletin: Oi S.A. Ratings Not Immediately Affected On Potential Capital Injection And Business Combination With TIM Participacoes – 2015/10/26 – Free

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Oi Downgraded To 'B+' From 'BB-' And Placed On Watch Negative On Failed Merger Proposal" Feb 26, 2016. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Oi-Downgraded-To-B-From-BB-And-Placed-On-Watch-Negative-On-Failed-Merger-Proposal-1587562>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Oi Downgraded To 'B+' From 'BB-' And Placed On Watch Negative On Failed Merger Proposal Feb 26, 2016. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Oi-Downgraded-To-B-From-BB-And-Placed-On-Watch-Negative-On-Failed-Merger-Proposal-1587562>

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