GC Impsat Holdings I PLC http://www.alacrastore.com/company-snapshot/GC_Impsat_Holdings_I_PLC-3973801 Sunday, October 12, 2008 5:16:51 AM 3973801 GC Impsat Holdings I PLC en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/675498spcred/675498normThe latest Summary from S&Pglobal10/7/2008 3:29:48 PM175Summary675498United KingdomIntegrated Telecommunication ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsTelecommunications & CableSummaryStandard&Poor's Ratings Services' rating on U.K.-incorporated data transmission holding company GC Impsat Holdings I PLC reflects our view on the credit quality of Impsat Fiber Networks Inc. (Impsat; not rated) and the strategy of matching GC Impsat's assets with those of GC Impsat's indirect owner, Global Crossing Ltd. (GCL). Impsat is exposed to very volatile economies in Latin America and a very competitive core business, both of which create uncertainties about the ability of its operating subsidiaries to generate and upstream cash flow. We also expect Impsat to be challenged financially until its growth strategy bears fruit and the company becomes consistently net cash flow positive. The ratings benefit from Impsat's operational track record and the relatively longGBR36224150101020 501010 5010 50GC Impsat Holdings I PLC412574EUROMIDAFRSUMMARYGLOBISSCORPTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_820017629moodys/COP_820017629htmlGlobal Credit Research Credit Opinion ## SEP #### Credit Opinion: GC Impsat Holdings I Plc GC Impsat Holdings I Plc London, United Kingdom Ratings Category Moody's Rating Outlook Stable Corporate Family Rating B# Senior Unsecured B#...9/25/2008 4:31:38 AMhtmlGC Impsat Holdings I PlcGC Impsat Holdings I Plc820017629150.0000NewsCredit OpinionCOP_820017629Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_159888_820017629moodys/PR_159888_820017629htmlGlobal Credit Research Rating Action ## SEP #### Rating Action: GC Impsat Holdings I Plc Moody's upgrades GC Impsat Holdings I, Plc.'s corporate family rating and senior unsecured notes to B# from B#. Approximately $### million in...9/23/2008 4:32:08 AMhtmlGC Impsat Holdings I PlcGC Impsat Holdings I Plc820017629150.0000NewsRating ActionPR_159888_820017629Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_163374_820017629moodys/PR_163374_820017629htmlGlobal Credit Research Rating Action ## SEP #### Rating Action: GC Impsat Holdings I Plc Moody's alza la calificacin de familia corporativa y de notas senior quirografarias de GC Impsat Holdings I, Plc. a B# de B#. Aproximadamente...9/23/2008 4:32:08 AMhtmlGC Impsat Holdings I PlcGC Impsat Holdings I Plc820017629150.0000NewsRating ActionPR_163374_820017629Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/640896spcred/640896normThe latest Full Report from S&P4/3/2008 6:46:28 PMFull Report400global640896United KingdomIntegrated Telecommunication ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableFull ReportExtensive fiber optic network is virtually complete and internet protocol (IP)-ready Revenues are diversified geographically and in terms of customers Sound operational track record and experienced managers High leverage, mitigated by debt maturities' long tenor Negative free cash flow generation possibly in the near term Very aggressive growth assumptions for revenue and EBITDA Volatile business environment in the service area Very competitive industry and regional market GC Impsat Holdings I PLC's (GC Impsat) parent's aggressive expansionist profile might pressure the company to upstream cash Standard&Poor's Ratings Services' rating on U.K.-incorporated data transmission holding company GC Impsat mirrors our view on Impsat Fiber Networks Inc.'s (Impsat; not rated) credit quality and match GC Impsat's assets within Global Crossing Ltd.'s.GBR36224150101020 501010 5010 50GC Impsat Holdings I PLC412574EUROMIDAFRFULLGBR50101020 501010 5010 50Global Crossing (U.K.) Telecommunications Ltd.384254EUROMIDAFRGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/640899spcred/640899normThe latest Summary from S&P4/3/2008 6:46:28 PMSummary175global640899United KingdomIntegrated Telecommunication ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableSummaryStandard&Poor's Ratings Services' rating on U.K.-incorporated data transmission holding company GC Impsat mirrors our view on Impsat Fiber Networks Inc.'s (Impsat; not rated) credit quality and match GC Impsat's assets within Global Crossing Ltd.'s. (GCL; GC Impsat's indirect owner) strategy. Impsat is exposed to very volatile economies in Latin America and a very competitive core business, both of which incorporate uncertainties regarding the ability of its operating subsidiaries to generate and upstream cash flow. We also expect Impsat to face significant financial challenges until its growth strategy materializes and the company becomes consistently net cash flow positive. The ratings benefit from Impsat's operational track record and the relatively long tenor of the new debt, with low maturities untilGBR36224150101020 501010 5010 50GC Impsat Holdings I PLC412574EUROMIDAFRSUMMARYGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Research