Fitch Assigns First-Time ‘BB-‘ to VTR Finance; Outlook Stable

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has assigned VTR Finance B.V. (VTR) Long-Term Foreign Currency and Local Currency Issuer Default Ratings (IDR) of ‘BB-‘. The Rating Outlook is Stable. Fitch has also assigned a ‘BB-‘ to the company’s USD1.4 billion senior secured notes due 2024 and revolving credit facility. KEY RATING DRIVERS VTR’s ratings reflect its strong market position in the Chilean telecom industry in Chile, primarily Pay TV and Internet services. VTR’s ratings are supported by it