Moody's ups Global Crossing Impsat

Moody's Latin America has upgraded Global Crossing Impsat Holdings I, plc's global local currency corporate family rating to B2 from B3.

At the same time, Moody's upgraded Impsat's $225 million senior unsecured notes due 2017.

The outlook is stable.

The upgrade to B2 was based on the improvement in the company's operating performance and overall financial metrics, including reduced leverage and solid liquidity position, since it was acquired by Global Crossing in 2007, the agency said.

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