Research Update: Oi S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative - S&P Global Ratings’ Credit Research

Research Update: Oi S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative

Research Update: Oi S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative - S&P Global Ratings’ Credit Research
Research Update: Oi S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative
Published Apr 26, 2016
Published Apr 26, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Brazil-based telecommunications company Oi S.A. announced yesterday that it had arrived at an agreement in which Moelis&Company will act as advisor for a group of bondholders to expedite discussions over a potential debt restructuring. We believe that a debt restructuring is likely to occur over the next six months. We are lowering our global scale corporate credit and issue-level ratings on Oi to 'CCC-' from 'CCC' and our national scale ratings to 'brCCC-' from 'brCCC'. The negative outlook reflects our view of a high likelihood that the company will restructure its debt or make a distressed debt exchange over the next six months. On April 26, 2016, Standard&Poor's Ratings Services lowered its corporate credit and issue-level

  
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 Adobe Acrobat
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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 S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative" Apr 26, 2016. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Oi-S-A-Lowered-To-CCC-From-CCC-On-Likely-Debt-Restructuring-Over-The-Next-Six-Months-Outlook-Remains-Negative-1623603>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Oi S.A. Lowered To 'CCC-' From 'CCC' On Likely Debt Restructuring Over The Next Six Months; Outlook Remains Negative Apr 26, 2016. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Oi-S-A-Lowered-To-CCC-From-CCC-On-Likely-Debt-Restructuring-Over-The-Next-Six-Months-Outlook-Remains-Negative-1623603>
  
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