...August 15, 2019 - Telecommunications equipment and components provider CommScope Holding Co. Inc. (CommScope) recently announced weak guidance for the next quarter, suggesting that the second half improvement we had previously expected is not likely to materialize. - S&P Global Ratings is lowering the issuer credit rating on CommScope and its subsidiary, CommScope Inc. to 'B' from 'B+' and removing the rating from CreditWatch. - At the same time, we are lowering our issue-level ratings on CommScope's secured debt to 'B+' from '##-' and on its unsecured debt to 'B-' from 'B' and removing them from CreditWatch, reflecting the one-notch downgrade of the company. - The stable outlook reflects our view that earnings will improve in 2020 on a partial rebound in cable operator spending following sharp declines in 2019 and as the company realizes the benefit from cost savings coupled with debt repayment, resulting in leverage in the mid-6x area. SAN FRANCISCO (S&P Global Ratings) Aug. 15, 2019--S&P...
