Fitch downgrades Telecom Argentina’s ratings; placed on negative watch

Fitch Ratings has placed Telecom Argentina S.A.’s ‘B-‘ Long-Term Foreign Currency Issuer Default Rating (IDR) on Rating Watch Negative (RWN), and has downgraded the Long-Term Local Currency IDR to ‘B’ from ‘B+’. These downgrades reflect increasing government interference in the company’s operations.

Source: Fitch Ratings