from
S&P Credit Research802 word report
published Apr 25, 2008
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) April 25, 2008--Standard&Poor's Ratings Services today raised its ratings on Sylvania, Ohio-based media and cable television operator, Block Communications Inc., including the corporate credit rating to 'BB-' from 'B+'. The outlook is stable. "In November 2007 when we revised the outlook to positive, we recognized the potential for significant leverage improvements and stated that the rating could be raised if leverage improved to the mid-4x area," said Standard&Poor's credit analyst Naveen Sarma. "The upgrade reflects that dramatic improvement in leverage as adjusted debt-to-last 12 months EBITDA improved to 4.1x as of Dec. 31, 2007 from 6.5x in the year ago period," he said. This improvement was driven primarily by sizable cost
|
| Brief Excerpt: | RESEARCH Ratings Definitions Block Communications Inc. Ratings Raised To '##-' On Significant Leverage Improvement Publication date: 25-Apr-2008 Primary Credit Analyst: Naveen Sarma, New York (1) 212-438-7833; naveen_sarma@standardandpoors.com...
|
| Report Type: | Ratings Action
|
| Ticker: | 85163Z
|
| Issuer: | Block Communications Inc.
|
| GICS: | Publishing (25401040)
|
| Sector: | Corporations, Global Issuers, High Technology, Telecommunications & Cable
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: Block Communications Inc. $175.00
The ratings on Sylvania, Ohio-based media and cable TV operator Block Communications Inc. reflect limited geographic diversity from its small-scale, family-owned cable TV and media operations in economically distressed markets; advertising ...
- Block Communications Inc. $400.00
Fully upgraded cable plant provides the technical ability to compete effectively against direct-to-home satellite TV companies and local telephone companies; and Healthy high-speed data and telephony customer growth. Geographic concentration ...
- Block Communications Inc. Downgraded To 'B+' On Deteriorating Newspaper Business, TV Broadcasting Operations $100.00
-- There has been continued deterioration of both Block's newspaper business and, to some degree, its TV broadcasting operations. -- We are lowering the corporate credit rating on Block to 'B+' from 'BB-'. -- The negative outlook reflects our ...
- Research Update: Block Communications Corporate Credit Rating Lowered To 'B+' Due To Deteriorating Newspaper Business&TV Broadcasting $175.00
There has been continued deterioration of both Block's newspaper business and, to some degree, its TV broadcasting operations. We are lowering the corporate credit rating on Block to 'B+' from 'BB-'. The negative outlook reflects our expectation ...
- Block Communications Inc. 'BB-' Corporate Credit Rating Affirmed; Outlook Revised To Negative $100.00
NEW YORK (Standard&Poor's) Dec. 10, 2008--Standard&Poor's Rating Services said today it revised its outlook on Sylvania, Ohio-based media and cable TV operator Block Communications Inc. to negative from stable. We also affirmed all ratings, ...
- Research Update: Block Communications Inc. Outlook Revised To Negative On Weaker Newspaper Business $175.00
On Dec. 10, 2008, Standard&Poor's Rating Services revised its outlook on Sylvania, Ohio-based media and cable TV operator Block Communications Inc. to negative from stable. We also affirmed all ratings, including the 'BB-' corporate credit ...
- Summary: Block Communications Inc. $175.00
The ratings on Sylvania, Ohio-based media and cable TV operator Block Communications Inc. continue to reflect limited geographic diversity from its small-scale, family-owned cable TV and media operations in economically distressed markets; ...
- Summary: Block Communications Inc. $175.00
The ratings on Sylvania, Ohio-based media and cable TV operator Block Communications Inc. reflect limited geographic diversity from its small-scale, family-owned cable TV and media operations in economically distressed markets; weak advertising ...
