Televisa Announces Fitch Ratings Action
Ticker: GRPFF · Form: 6-K · Filed: Dec 26, 2024 · CIK: 912892
| Field | Detail |
|---|---|
| Company | Grupo Televisa, S.A.B. (GRPFF) |
| Form Type | 6-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: rating-action, fitch-ratings, press-release
Related Tickers: TV, TLEVISA CPO
TL;DR
Fitch Ratings updated Televisa's credit rating; details to follow.
AI Summary
On December 23, 2024, Grupo Televisa, S.A.B. announced a rating action from Fitch Ratings. The company, trading under NYSE:TV and BMV:TLEVISA CPO, provided this update as part of its monthly report for December 2024.
Why It Matters
This filing indicates a change or confirmation in Televisa's credit rating, which can impact its borrowing costs and investor confidence.
Risk Assessment
Risk Level: low — The filing is an informational update regarding a credit rating action and does not disclose immediate financial distress or significant operational changes.
Key Players & Entities
- Grupo Televisa, S.A.B. (company) — Registrant
- Fitch Ratings (company) — Rating Agency
- December 23, 2024 (date) — Date of announcement
- NYSE:TV (company) — Stock Ticker
- BMV:TLEVISA CPO (company) — Stock Ticker
FAQ
What specific rating action did Fitch Ratings take regarding Grupo Televisa, S.A.B.?
The filing states that Televisa "informs about rating action from Fitch Ratings" but does not specify the nature of the action (e.g., upgrade, downgrade, affirmation).
When was this rating action announced by Fitch Ratings?
The announcement was made on December 23, 2024.
What is the primary purpose of this Form 6-K filing?
This Form 6-K is a report of a foreign issuer pursuant to rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of December 2024, informing about the Fitch Ratings action.
What are the stock exchange tickers for Grupo Televisa, S.A.B. mentioned in the filing?
The filing mentions NYSE:TV and BMV:TLEVISA CPO.
Does the filing provide details on the financial implications of the Fitch Ratings action?
No, the filing only announces that there was a rating action and does not provide specific details or financial implications.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-26 06:00:55
Filing Documents
- ff4277953_6k-gruposhort.htm (6-K) — 19KB
- image00001.jpg (GRAPHIC) — 3KB
- 0000895345-24-000658.txt ( ) — 25KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December, 2024 Commission File Number: 001-12610 GRUPO TELEVISA, S.A.B. (Translation of registrant's name into English) Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.) Form 20-F Form 40-F Investor Relations PRESS RELEASE Televisa informs about rating action from Fitch Ratings Mexico City, December 23, 2024 – Grupo Televisa, S.A.B. ("Televisa" or the "Company"; NYSE:TV; BMV:TLEVISA CPO) announced today that Fitch Ratings downgraded its Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) on the Company to BBB-' from BBB' and the foreign senior unsecured debt ratings to BBB-' from BBB'. Fitch Ratings also downgraded the Companys National Long-Term Rating to AA+(mex)' from AAA(mex)' and the local currency senior unsecured debt ratings to AA+(mex)' from AAA(mex)'. The Rating Outlook for both ratings is Negative. About Televisa Grupo Televisa S.A.B. ("Televisa") is a major telecommunications corporation which owns and operates one of the most significant cable companies as well as a leading direct-to-home satellite pay television system in Mexico. Televisa's cable business offers integrated services, including video, high-speed data and voice to residential and commercial customers as well as managed services to domestic and international carriers. Televisa owns Sky, a leading direct-to-home satellite pay television system and broadband provider in Mexico. Televisa holds a number of concessions by the Mexican government that authorizes it to broadcast programming over television stations for the signals of TelevisaUnivision, Inc. ("TelevisaUnivision"), and Televisa's cable and DTH systems. In addition, Televisa is the largest shareholder of TelevisaUnivision, a leading media company producing, creating, and distributing Spanish-speaking content through several broadcast channels in Mexico, the US and over 50 countries through television networks, cable operators and over-the-top or "OTT" services. Disclaimer This press release contains forward-looking statements regarding the Company's results and prospects. Actual results could differ materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in "Item 3. Key Information – Forward-Looking Statements" in the Company's Annual Report on Form 20-F, which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information Investor Relations www.televisair.com.mx Tel: (52 55) 5261 2445 Rodrigo Villanueva, VP, Head of Investor Relations / rvillanuevab@televisa.com.mx Andrs Audiffred, Investor Relations Director / aaudiffreda@televisa.com.mx Media Relations Rubn Acosta / Tel: (52 55) 5224 6420 / racostamo@televisa.com.mx Alejandra Garcia / Tel: (52 55) 4438 1205 / agarcial@televisa.com.mx SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GRUPO TELEVISA, S.A.B. (Registrant) Date: December 26, 2024 By: /s/ Luis Alejandro Bustos Olivares Name: Luis Alejandro Bustos Olivares Title: Legal Vice President and General Counsel