Mexico, October 31, 2013 -- Moody's de Mexico assigned Baa1 global and Aaa.mx national scale ratings, respectively, to Grupo Televisa, S.A.B. (Televisa)'s proposed issuance of up to MXN 10 billion in local debt securities ("certifcados bursatiles") under ticker TLEVISA 13. The notes will be senior unsecured debt obligations with an up to 15-year maturity. Proceeds should be used for general corporate purposes. The new notes will be pari passu with all other senior and unsecured debt of Televisa. The outlook on the ratings is stable. Moody's has reviewed preliminary draft legal documentation for the proposed notes and the assigned ratings assume that there will be no material variation from the drafts reviewed and that all agreements will be legally valid, binding and enforceable.

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