Overview Key strengths Key risks The pre-eminent rated U.S. communications and media company, with leading global distribution operations complemented by a leading media and entertainment company. Cable's broadband pillar faces greater competition from telecommunication (telco) companies expanding fiber-to-the-home (FTTH) footprint and lower-priced 5G fixed wireless access (FWA). Comcast has sufficient financial flexibility due to its superior balance sheet and strong cash flow generation, even after capital returns, internal investments, and modest merger and acquisition (M&A) activity, to remain within the thresholds for the 'A-' rating. Secular pressures on legacy media business intensifying, putting significant pressure on Comcast?s linear TV and film studio business. Comcast plans to spin off much of its linear cable TV business in 2025. Comcast's compelling bundling
