Fitch Ratings has affirmed Cablevision's long-term foreign currency issuer default rating at 'B'.
Fitch also affirmed the company's long-term local vcurrency IDR at 'BB-' and its $500m senior notes at 'B+'/RR3.
Fitch said the rating outlook on IDRs remained stable.
Fitch said Cablevision's ratings reflected the company's strong business position as the leading Pay-TV and broadband provider in Argentina, its solid financial profile underpinned by its robust free cash flow generation and conservative capital structure.
Fitch said that negatively, the company's ratings were tempered by Argentina's mature Pay-TV market with new entrants from 2018, and subdued macro-economic environment, including high inflation and steep currency devaluation.