Report title: Credit Analysis: Cox Enterprises, Inc.
from Fitch Research
12 page (5538 word) report published Jul 31, 2009

Price $425.00 available for immediate download
Report Overview
 
Search Inside
 
About Fitch Research

...Cox Enterprises, Inc.'s (CEI) ratings are supported by the company's business diversification, conservative fiscal policies and stability of its Cox Communications Inc. (CCI) subsidiary. Growth prospects of its AutoTrader.com segment and the offset it provides against the digital distribution threats its print products are facing is also factored into the ratings. Metrics have improved dramatically over the last few years as the company has de- leveraged from over 5 times (x) to 3.2x on a consolidated basis since taking CCI private in 2005. The decrease in leverage has been the result of increased cash flows and debt reduction through the sale of non-core assets (non-strategic cable subscribers and 25% stake in Discovery Communications) and free cash flow. Credit concerns include an overall cyclical exposure to the weakening macro- economic environment at various business units, including a large exposure to the automotive industry, secular issues at the company's media properties and the...

Report Type: Full Rating Report
Company(ies): Cox Enterprises, Inc.
Free Sample: Click Here to Download
Format:
PDF Adobe Acrobat


Enter the keyword(s) which you would like to search for within this document and click "Search"  


Price: $425.00



  Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.