fabriziof
Forumer storico
a proposito di axtel
EM corporates: Upgrade Axtel ’19s and ’20s bonds to OW; remain MW the issuer. Axtel announced it reached a settlement with America Movil and Telcel, as well as agreements with Telcel, Telmex and Iusacel—making the company more appealing in our view. We move to OW the ’19s and ’20s bonds on the back of attractive valuations and the recent positive news; however, we remain neutral the issuer as operations appear to be moving sideways (J. Steinfeld).
EM corporates: Upgrade Axtel ’19s and ’20s bonds to OW; remain MW the issuer. Axtel announced it reached a settlement with America Movil and Telcel, as well as agreements with Telcel, Telmex and Iusacel—making the company more appealing in our view. We move to OW the ’19s and ’20s bonds on the back of attractive valuations and the recent positive news; however, we remain neutral the issuer as operations appear to be moving sideways (J. Steinfeld).