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Axtel SAB de CV (AXTELCPO.MX)

AXTELCPO.MX on Mexico Stock Exchange

3.77MXN
2:18pm EST
Change (% chg)

$-0.06 (-1.57%)
Prev Close
$3.83
Open
$3.85
Day's High
$3.85
Day's Low
$3.71
Volume
1,112,226
Avg. Vol
1,094,007
52-wk High
$4.98
52-wk Low
$3.28

Latest Key Developments (Source: Significant Developments)

Fitch Rates Axtel's Proposed USD500 Million Notes 'BB- (EXP)'

(The following statement was released by the rating agency) CHICAGO, November 02 (Fitch) Fitch Ratings has assigned a 'BB-(EXP)' rating to Axtel S.A.B. de C.V.'s (Axtel) proposed issuance of up to USD500 million of senior unsecured notes due 2024. The proceeds from the issuance are expected to be used to refinance the company's existing bank loans and related issuance expenses. KEY RATING DRIVERS Axtel's ratings reflect the company's solid market position in the enterprise telecom business segme