TV Azteca grace period expires as Fitch warns on conflicts of interest
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TV Azteca grace period expires as Fitch warns on conflicts of interest

Adobe, mexico, peso, gold, silver, coins, LatAm, FX, currency, Mexican peso, 575

Fitch downgraded Mexican broadcaster TV Azteca from C to restricted default (RD) on Friday after the 30 day grace period expired on a missed coupon payment. The rating agency is forecasting recoveries for bondholders in the 31%-50% range.

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