29.07.2013 05:17:00
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Millicom International Cellular S.A. -- Moody's affirms Millicom's Ba1 ratings; changes outlook to negative.
Mexico, July 28, 2013 -- Moody's Investors Service ("Moody's") today affirmed the corporate family rating ("CFR") of Millicom International Cellular S.A. ("Millicom") and changed the outlook to negative from stable. The change in outlook was based on higher leverage pro forma for the announced combination of Colombia Movil's and UNE's operations in Colombia, which could take time to improve given current challenging operating environment across Millicom's geographies.