69546. Jocelyn [188.143.232.43] 01 Sep 2015 - 22:12
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| Cool site goodluck :) distressed property loan The downgrade takes into account a change in Fitch's expectations for associate dividends at PT, principally from Oi in Brazil, which is currently in the midst of a turn-around, as well as the extended time taken to repatriate dividends from Unitel, PT's 25%-owned mobile associate in Angola. While performance at the latter remains strong, approval from the central bank to repatriate dividends from 2010 and 2011, is in Fitch's view, proving increasingly difficult to gauge. It seems likely that receipts, which form a key part of Fitch's assessment of PT's leverage, will miss previous assumptions for 2013.
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