Maxcom Telecomunicaciones S.A.B. de C.V. #CCC+# Issue-Level Rating Affirmed, Taken Off UCO On Updated Recovery Criteria

Stocks and Financial Services Press Releases Wednesday January 18, 2017 08:54
MEXICO CITY--18 Jan--S&P Global Ratings

MEXICO CITY (S&P Global Ratings) Jan. 17, 2017--S&P Global Ratings said today that it has reviewed its recovery and issue-level rating on Maxcom Telecomunicaciones S.A.B. de C.V. We labeled the issue-level rating as "under criteria observation" (UCO) on Jan. 10, 2017. With our criteria review complete, we're removing the UCO designation from this rating. We're also affirming the 'CCC+' issue-level rating and are revising our recovery rating to '4' from '3' on the company's senior $180 million secured notes due 2020, indicating our expectation of average recovery (30%-50%, upper half of the range) for lenders in the event of default, stemming from the revision of the EBITDA multiple used in our analysis, capex and the introduction of operational adjustment.

This rating action stems solely from the application of our revised recovery criteria and doesn't reflect any change in our assessment of the corporate credit rating.

Latest Press Release

Photo Release : Grab Thailand joined forces with the Ministry of Agriculture and Cooperatives, launching 'Farmers’ Market’

Grab Thailand in collaboration with Ministry of Agriculture and Cooperatives (MoAC), led by Dr. Kengkran Louvirojanakul, Head of Public Affairs, Grab Thailand (2nd from left) and Mr. Alongkorn Polabut, the advisor to the Minister of Agriculture and...


BTS Group Holdings Public Company Limited (BTS Group) posted an excellent set of financial results for fiscal year 2019/20 (from April 2019 to March 2020). In spite of slowdown in the last quarter of fiscal year due to the outbreak of the coronavirus...

Photo Release: KBank and EGAT Saving and Credit Cooperative signs an agreement to integrate financial service via mobile app

Mr. Silawat Santivisat (right), KBank Senior Executive Vice President, and Mr. Chartchai Rojanaratanangkule, Vice President and President of Financial Management Committee, EGAT Saving and Credit Cooperative Limited, signed an agreement on the...

Thailand-based insurtech Go! Insurance secures funding to launch its easy-to-access health insurance platform

Go! Insurance - a Thailand-based digital health insurance company - has raised pre-seed funding from investors and will be launching its service in Thailand to provide better and easier access to health insurance. Founded in late 2019 by two insurance...

K PLUS launches new features for loan management via K PLUS – you can pay off your loan faster without going to a bank branch

KASIKORNBANK (KBank) is always determined to give customers more convenience. With the launch of four new features on K PLUS, customers can easily manage and conduct their loan transactions via the K PLUS application, with no need to go to a bank branch....

Related Topics