Moody’s Considers Maxcom Upgrade

Moody’s has revised the outlook on Mexican telecom Maxcom to positive from stable, following a review initiated in November. The telecom and cable provider has seen operating results and credit metrics improve more than expected, the shop says, and its balance sheet has been helped by a successful IPO last year. Limitations from increasing competition in its sector and a high number of disconnections are mitigated by expectations that double-digit growth will continue into the future. Maxcom’s issuer rating remains B3.