Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive - S&P Global Ratings’ Credit Research

Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive

Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive - S&P Global Ratings’ Credit Research
Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive
Published Aug 14, 2012
5 pages (1980 words) — Published Aug 14, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Belgian cable operator Telenet Group Holding N.V. has leading market positions in broadband and pay-TV services, supported by a strong network infrastructure. We anticipate its growth prospects will remain favorable in 2012 and 2013. We view Telenet's business risk profile as satisfactory and its financial risk profile as aggressive. We are assigning our 'B+' long-term rating to Telenet and our 'B+' issue rating to its senior secured debt and proposed secured notes. The positive outlook reflects the possibility of a one-notch upgrade in the next 12-18 months if EBITDA and free operating cash flow continue to grow and adjusted debt to EBITDA ratio declines to 4.5x or below. PARIS (Standard&Poor's) Aug. 14, 2012--Standard&Poor's Ratings Services today

  
Brief Excerpt:

...+ Belgian cable operator Telenet Group Holding N.V. has leading market positions in broadband and pay-TV services, supported by a strong network infrastructure. We anticipate its growth prospects will remain favorable in 2012 and 2013. + We view Telenet's business risk profile as satisfactory and its financial risk profile as aggressive. + We are assigning our 'B+' long-term rating to Telenet and our 'B+' issue rating to its senior secured debt and proposed secured notes. + The positive outlook reflects the possibility of a one-notch upgrade in the next 12-18 months if EBITDA and free operating cash flow continue to grow and adjusted debt to EBITDA ratio declines to 4.5x or below. PARIS (Standard & Poor's) Aug. 14, 2012--Standard & Poor's Ratings Services today said it assigned a 'B+' long-term corporate credit rating to Belgium-based cable operator Telenet Group Holding N.V. The outlook is positive. In addition, we assigned our 'B+' issue rating to Telenet's senior secured debt, comprising...

  
Report Type:

Ratings Action

Ticker
TNET@BB
Issuer
Telenet Group Holding N.V.
Sector
Global Issuers
Country
Belgium
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive" Aug 14, 2012. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Belgian-Cable-Operator-Telenet-Assigned-B-Long-Term-Rating-Proposed-Notes-Rated-B-Outlook-Positive-1001341>
  
APA:
S&P Global Ratings’ Credit Research. (). Belgian Cable Operator Telenet Assigned 'B+' Long-Term Rating; Proposed Notes Rated 'B+'; Outlook Positive Aug 14, 2012. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Belgian-Cable-Operator-Telenet-Assigned-B-Long-Term-Rating-Proposed-Notes-Rated-B-Outlook-Positive-1001341>
  
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