You will be redirected back to your article in seconds

Credit woes affect MSO

Argentine cable industry sees recession

BUENOS AIRES — No. 1 Argentine MSO Cablevision faces a likely downgrade of its credit rating by Standard & Poor’s, as the local cable industry continues to suffer from recession.

The credit-rating agency has already put rival Multicanal on a negative watch, which could see an eventual downgrade.

The recession has affected both MSOs — neither of which is reporting a profit — although the impact on them is different.

Both will face higher borrowing costs if their credit ratings are lowered. But the big question is how the two are shaping up for massive new investments needed if they are to enter the broadband era.

More Biz

  • Harvey Weinstein arrives to court in

    Weinstein Co. Sale Price Cut From $310 Million to $287 Million

    BUENOS AIRES — No. 1 Argentine MSO Cablevision faces a likely downgrade of its credit rating by Standard & Poor’s, as the local cable industry continues to suffer from recession. The credit-rating agency has already put rival Multicanal on a negative watch, which could see an eventual downgrade. The recession has affected both MSOs — […]

  • Ryan Kavanaugh

    Relativity Media Investor Claims $12.5 Million Fraud

    BUENOS AIRES — No. 1 Argentine MSO Cablevision faces a likely downgrade of its credit rating by Standard & Poor’s, as the local cable industry continues to suffer from recession. The credit-rating agency has already put rival Multicanal on a negative watch, which could see an eventual downgrade. The recession has affected both MSOs — […]

  • Paul Simon

    Paul Simon's 'What Not to Bring' List for Farewell Concert Is Astonishingly Thorough

    BUENOS AIRES — No. 1 Argentine MSO Cablevision faces a likely downgrade of its credit rating by Standard & Poor’s, as the local cable industry continues to suffer from recession. The credit-rating agency has already put rival Multicanal on a negative watch, which could see an eventual downgrade. The recession has affected both MSOs — […]

  • Eric Heisserer

    Patric Verrone, Eric Heisserer Seeking Writers Guild of America West Board Seats

    BUENOS AIRES — No. 1 Argentine MSO Cablevision faces a likely downgrade of its credit rating by Standard & Poor’s, as the local cable industry continues to suffer from recession. The credit-rating agency has already put rival Multicanal on a negative watch, which could see an eventual downgrade. The recession has affected both MSOs — […]

More From Our Brands

Access exclusive content