TV Azteca grace period expires as Fitch warns on conflicts of interest

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TV Azteca grace period expires as Fitch warns on conflicts of interest

Oliver West
March 15, 2021 10:45 AM
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Fitch downgraded Mexican broadcaster TV Azteca from C to restricted default (RD) on Friday after the 30 day grace period expired on a missed coupon payment. The rating agency is forecasting recoveries for bondholders in the 31%-50% range.

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