S&P downgrades Oi credit ratings

Wednesday 13 May 2020 | 10:26 CET | News
Rating agency Standard & Poors has downgraded the credit ratings of Brazilian operator Oi, due to an expected recession in Brazil this year following the coronavirus pandemic. The agency reduced the issuer credit rating from B to B- on a global scale and from brA- to brBBB on a national scale. The outlook is negative for both ratings. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Companies: Oi
Countries: Brazil
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Oi revenues drop 7.4% in Q1 to BRL 4.7 billion

Published 19 Jun 2020 11:46 CET | Brazil
Oi reported a 7.4 percent annual drop in first quarter revenues to BRL 4.7 billion, while losses reached BRL 6.28 billion. EBITDA ...

Oi postpones quarterly results ahead of new financing plan

Published 29 May 2020 11:24 CET | Brazil
Brazilian operator Oi has decided to postpone reporting of its first-quarter results by two weeks, from 28 May to 15 June. The ...

Oi credit rating downgraded at Fitch

Published 28 May 2020 10:46 CET | Brazil
Fitch Ratings has downgraded Oi's ratings, the Brazilian operator announced. The ratings on its long-term foreign and local ...

Oi reduces cash burn in March

Published 18 May 2020 08:32 CET | Brazil
Brazilian operator Oi generated negative net operating cash flow of BRL 295 million in March, an improvement over a negative ...

Oi cash burn increases in February to over BRL 1 billion

Published 23 Apr 2020 11:22 CET | Brazil
Brazilian operator Oi closed February with negative operating cash flow of BRL 1.02 billion, more the double the outflow of  BRL ...

Oi reduces losses in Q4, revenue falls 8.4%

Published 27 Mar 2020 08:58 CET | Brazil
Brazilian operator Oi reported a net loss of BRL 2.3 billion in the fourth quarter of 2019, compared to a loss of BRL 3.3 billion ...

Telefonica, TIM plan expansion in Brazil with bid for Oi mobile business

Published 11 Mar 2020 08:45 CET | Brazil
Telefonica and TIM have united to make an offer to acquire Brazilian operator Oi's mobile business. The companies said they ...

Oi recives court go-ahead to hold creditors meeting

Published 09 Mar 2020 08:49 CET | Brazil
The 7th Corporate Court of Rio de Janeiro has granted Oi's request to hold a new General Creditors Meeting to deliberate on an ...

S&P raises Oi credit rating

Published 17 Aug 2018 11:57 CET | Brazil
Standard and Poor's (S&P) has raised the issuer credit ratings on Brazilian operator Oi to B from CCC+ on the global scale and to ...

Fitch upgrades Oi ratings

Published 15 Aug 2018 13:05 CET | Brazil
Fitch Ratings upgraded long-term credit ratings of Brazilian operator Oi to 'B-' from 'D' and the national ratings to 'BB-(bra)' ...