Latin America: Fitch Says Stable Credit Outlook for Latin America Telecom and Media.

Section: General News - Fitch Ratings expects the Rating Outlook for Latin America telecom and media companies to be Stable during 2011. The sector continues to be one of the less volatile in terms of rating changes in the region despite the dynamics of the operating environments.

Affirmation of existing ratings have prevailed during economic downturns and upturns in part due to well-established operators with incumbent positions, while rating changes tend to be more biased to newer competitors. Industry cash flow generation and financial flexibility should positively balance against a strong competitive environment and a mature or near mature stage of traditional voice …