Banks face increasing telecom debt restructuring

Author: Ricardo Tavares
Published: 2017-06-07

Banks used to find telecommunications companies in emerging markets a safe bet for corporate debt. There were good reasons for that: positive credit ratings, strong cash flows, and huge growth opportunities. Those conditions have changed. Several banks are now engaged in debt renegotiations: Bank of Brazil, Itau Bank and Caixa Econômica Federal are preparing to extend longer-term debt repayments to …