Influential credit ratings agency Moodys has upgraded its outlook for Ono after the Spanish MSO completed a planned round of refinancing.
The package of refinancing measures eases financial pressure on the Spanish company and gives it short-term flexibility, MoodyÂs said. It added that there is the potential to further upgrade Ono Âif management shows that they can execute the revised business plan against the backdrop of a tough economic environment in Spain.Â
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10 April 2021 @ 16:00:01 UTC