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Brasil Telecom S.A.?s Planned R$1 Billion Notes Rated 'BBB-' Sep 11
Standard & Poors, September 2011
SAO PAULO (Standard & Poor's) Sept. 8, 2011--Standard & Poor's Ratings Services assigned its 'BBB-' senior unsecured debt rating to Brasil Telecom S.A.'s (BRT) planned issuance of five-year R$1 billion real-denominated senior unsecured notes, payable in dollars. The company will use the proceeds to refinance existing debt maturities and other corporate purposes. BRT is the incumbent of region II and an integral part of Telemar group, and therefore the ratings is the same as on the group. Our rating on Telemar reflects its dominant market position in Regions I and II in Brazilian telecom industry, with revenue diversification among wireline, wireless, and broadband; and its resulting strong cash flow generation. The industry, however, suffers from high competition, especially with the...
Companies mentioned in this report are: Oi S.A.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.