INTELLIGENCE
â¨Spanish cabler Ono will face refinancing challenges within a couple of years, according to analysts.
The cabler is securing an extra 500m of debt, due in 2018, which has prompted credit ratings agency MoodyÂs to change its outlook on the MSO to Âpositive from ÂstableÂ.
Senior MoodyÂs analyst Ivan Palacios noted its decision Âreflects the progress the company is making in reducing its refinancing risk in 2013. He added: ÂHowever, MoodyÂs also notes that Ono still faces material refinancing challenges in 2013.Â
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