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The US Standard & Poor's (S & P) rating agency has ratified Televisa's global "BBB +" credit rating as well as the nationwide "mxAAA" despite an environment characterized by slow economic performance and intense competition in the S & P sectors pointed out that Televisa's outlook has remained stable, as it is confident that it will continue to record a "satisfactory income increase" as well as a positive outlook. a strong contribution from its operating stream (EBITDA) over the next 12 to 18 months
This S & P decision is the first that was taken under the mandate of Alfonso de Angoitia and Bernardo Gómez, executive co-chairs of the group, who began their management on the first day of 2018.
The outlook of the rating agency is stable, S & P whereas Grupo Televisa will be able to maintain its leading position on the TV segment Ierta as well as the second largest fixed telecommunications operator in the country.
Transformation
The company undergoes a profound transformation of its advertising sales model, which aims to take advantage of a growth in the prime time time of Channel 2, which has reached 15 percent. Last year. The bet of the financial services company is that this segment will stabilize in 2018.
On the telecommunications side, S & P predicts growth, despite the recognition of intense competition in this sector.
Televisa and Sky have a little more than 10.4 million video, voice and data access, as well as 7.9 million subscribers to satellite television, or 16 , 3% of the country's telephone lines, 22% of fixed broadband access and 61.9% of pay-TV subscriptions in the third quarter of 2017, according to official figures from the Federal Telecommunications Institute.
S & P highlights as some of Televisa's key attributes satisfactory leadership and governance, corporate diversification (which now, 57% of its revenues come from telecom companies), exceptional liquidity as well as EBITDA margins above 40% and a strong competitive position. go, among others.
Televisa will report its second quarter financial results on July 9.
Its shares have risen nearly 37% over the past four months, reflecting the prospect of a positive sales report, as it was the first quarter of 2018.
In the As part of the new co-leadership, the company pursued a restructuring process in its content segment, as they began a process of analyzing their non-strategic assets. This approach led the company to dispose of certain properties, such as the 19% stake it held in the Spanish media group Imagina, which had a value of $ 341 million, as well as 50% Televisa shares in the Korean company CJ Grand, among others.
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