- Published: May 2010
Research Update: Empresa Nacional de Telecomunicaciones S.A. (ENTEL) May 04
- Published: May 2004
- Standard & Poors
Standard & Poor's Ratings Services raised its long-term corporate credit rating on Empresa Nacional de Telecomunicaciones S.A. (ENTEL) to 'BBB+' from 'BBB'. The outlook is stable. The upgrade reflects improvements in ENTEL's financial performance as a result of efficiencies achieved since 2002, a solid mobile business, lower investment needs, and a gradual decline in indebtedness levels. The upgrade also incorporates Standard & Poor's expectations that ENTEL will apply its cash holdings and part of the cash generation to continue to reduce debt levels-paying down most of the $145 million short-term maturities as of March 2004-and that there will not be extraordinary acquisitions or investments in the short-to-medium term. The ratings on ENTEL reflect its good competitive position as the second-largest...
Companies mentioned in this report are: Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
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