America Movil SAB de CV Shs -AA- Aktie
WKN: 634385 / ISIN: MX00AM050002
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01.03.2016 05:20:00
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Oi S.A. -- Moody's downgrades Oi S.A. to Caa1; outlook negative
Sao Paulo, March 01, 2016 -- Moody's America Latina ("Moody's") has today downgraded Oi S.A.'s ("Oi") corporate family rating ("CFR") to Caa1/Caa1.br. As part of this rating action, Moody's has also downgraded the ratings on unsecured debt at Oi S.A.to Caa2/Caa2.br, one notch below the corporate family rating due to their junior position in the capital structure. The company has significant indebtedness at subsidiary holding companies which have a priority claim on the majority of operating cash flows. The outlook remains negative.
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