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S&P downgrades Televisa - LatinFinance
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S&P Global Ratings reduced Televisa Group’s credit rating to “BBB-” from “BBB”. The qualifier notes that this reduction considers the deterioration in its competitive position and the continued loss of revenue-generating units (RGUs), which in the long term could impact TV’s debt levels. The rating agency also reduced ratings for national issuers. S&P National Ratings lowered its ratings on a Mexican scale to “mxAA+” from “mxAAA”. The perspectiv…
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