Fitch Affirms TIGO UNE at ‘BBB’

Fitch Ratings has affirmed UNE EPM Telecomunicaciones S.A.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘BBB’. Fitch also affirmed the company’s National Long-Term Rating at ‘AAA(col)’ and National Rating for its local bond program at ‘AAA(col) ‘. In addition, Fitch maintains the Negative Outlook on the Foreign-Currency IDR and the Stable Outlooks on the Local-Currency IDR and National Ratings. The Negative Outlook on TIGO UNE’s Foreign-Currency IDR reflects the Negative Outlook on Colombia’s ‘BBB-‘ sovereign ratings, as well as the ‘BBB’ Country Ceiling for Colombia.

Source: Fitch Ratings