CHICAGO–(BUSINESS WIRE)–Fitch Ratings has downgraded Radio e Televisao Bandeirantes Ltda.’s (RTB) long-term foreign-currency and local-currency Issuer Default ratings (IDR) to ‘B’ from ‘BB-‘. Fitch has also downgraded the company’s National Long-term Rating to ‘BBB-(bra)’ from ‘A(bra)’. The Rating Outlook remains Negative. KEY RATING DRIVERS The downgrade reflects RTB’s continued weak liquidity profile, mainly its high level of short-term debt with low cash balance and high interest expenses.
