Mexico-based IT managed and data services provider Sixsigma Networks Mexico S.A. de C.V. (KIO Networks) announced today that all of its shareholders, led by Tresalia Capital, reached an agreement with I Squared Capital to sell their full ownership stake in the company. As a result, on Aug. 2, 2021, S&P Global Ratings placed its 'B' issuer and issue-level ratings on KIO Networks on CreditWatch with positive implications. We plan to resolve the CreditWatch listing in the next three months, depending on the final approval of the transaction by Mexican authorities, and upon receiving further information regarding the company's debt refinancing after the transaction, given its impact on liquidity, as well as the data center segment's growth strategy. Our CreditWatch positive
