Fitch Affirms Televisa's Ratings with Stable Outlook

TL;DR

Fitch keeps Televisa's ratings at AA(mex) and A+(mex) with a stable outlook. No drama.

AI Summary

Grupo Televisa, S.A.B. announced on December 10, 2025, that Fitch Ratings has affirmed its national scale ratings. Fitch affirmed Televisa's "AA(mex)" rating for its outstanding senior unsecured debt and its "A+(mex)" rating for its outstanding subordinated debt. The outlook for both ratings remains stable.

Why It Matters

This affirmation by Fitch Ratings indicates continued financial stability and creditworthiness for Grupo Televisa, which can impact its ability to access capital and its borrowing costs.

Risk Assessment

Risk Level: low — The filing reports a routine rating affirmation with a stable outlook, indicating no immediate negative developments.

Key Numbers

• AA(mex) — Senior Unsecured Debt Rating (Affirmed by Fitch Ratings)
• A+(mex) — Subordinated Debt Rating (Affirmed by Fitch Ratings)

Key Players & Entities

• Grupo Televisa, S.A.B. (company) — Registrant
• Fitch Ratings (company) — Rating Agency
• December 10, 2025 (date) — Announcement Date
• AA(mex) (rating) — Senior Unsecured Debt Rating
• A+(mex) (rating) — Subordinated Debt Rating

FAQ

Filing Documents

• ff3886415_6kshort-grupo.htm (6-K) — 15KB
• image00001.jpg (GRAPHIC) — 3KB
• 0000895345-25-000399.txt ( ) — 20KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December, 2025. 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 office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Investor Relations PRESS RELEASE Grupo Televisa informs about rating action from Fitch Ratings Mexico City, December 10, 2025 – 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 BB+' from BBB-'. Fitch Ratings also downgraded to AA (mex)' from AA+(mex)' its National Long-Term Rating and local currency senior unsecured debt ratings on Televisa. The Rating Outlook for both ratings is Stable. 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 Nicols Espinoza, Investor Relations Manager/ nespinozam@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 11, 2025 By: /s/ Luis Alejandro Bustos Olivares Name: Luis Alejandro Bustos Olivares Title: Legal Vice President and General Counsel

View Full Filing

View this 6-K filing on SEC EDGAR