Mexico’s Grupo Televisa upgraded to ‘BBB+’ from ‘BBB’ with stable outlook - S&P

“Standard & Poor’s (NYSE:MHP) Ratings Services said it has raised its long-term corporate credit rating on Grupo Televisa SAB to ‘BBB ‘ from ‘BBB’ and also affirmed its ‘mxAAA’ long-term national scale rating with a stable outlook.

S&P said the rating action reflects Televisa’s improving financial performance as shown by its strong free cash-flow generation, high operating margins of around 43 pct and solid liquidity. It also reflects the company’s continued leadership in the Mexican television industry and its satisfactory business risk profile.”

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