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GCI LLC

Published Jun 10, 2020

10 pages (3593 words) — Published Jun 10, 2020

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

The negative outlook reflects the possibility that we will downgrade GCI LLC over the next 12 months if it is unable to offset the lost high-margin revenue from its RHC subsidies with growth in its various other business lines such that its liquidity position deteriorates and its capital structure becomes unsustainable over the longer term. We could lower our rating on GCI if it is unable to offset the lost revenue from the RHC subsidies with growth in its other business lines such that its decreased EBITDA and persistent FOCF deficits ultimately weaken its liquidity position and its ability to organically reduce its leverage, leading us to assess its capital structure as unsustainable over the longer term. We could revise

Brief Excerpt:

...(Editor's Note: On July 30, 2020, we republished this article, originally published on June 10, 2020, to correct an incorrect description of the diversification/portfolio effect score.)...

Report Type:

Full Report

Ticker

1625155D

Issuer

GCI, LLC

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage – 2020/09/14 – US$ 150.00

Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage – 2020/09/14 – US$ 225.00

GCI LLC's Proposed $350 Million Unsecured Notes Rated 'B'; Rating Placed On CreditWatch Positive (Recovery Rating: '2') – 2020/09/23 – US$ 150.00

Research Update: GCI LLC Upgraded To 'B' From 'B-' On Better-Than-Expected Credit Metrics; Outlook Stable – 2021/03/19 – US$ 225.00

Research Update: GCI LLC Upgraded To 'B+' On Broadband Growth And Debt Reduction; Outlook Stable – 2021/09/22 – US$ 225.00

GCI LLC's Proposed $300 Million Unsecured Notes Rated 'B' (Recovery Rating: '2') – 2019/06/03 – US$ 150.00

Research Update: GCI LLC Downgraded To 'B-' On Weak Operating Performance; Outlook Negative; Debt Ratings Lowered – 2019/05/15 – US$ 225.00

GCI LLC Ratings Placed On CreditWatch Negative On Rural Health Care Program Rate Reduction – 2018/11/14 – US$ 150.00

Research Update: GCI LLC Ratings Placed On CreditWatch Negative On Rural Health Care Program Rate Reduction – 2018/11/14 – US$ 225.00

GCI LLC Assigned 'B' Rating And Stable Outlook – 2018/03/26 – US$ 150.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "GCI LLC" Jun 10, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/GCI-LLC-2500851>

APA:	S&P Global Ratings’ Credit Research. (). GCI LLC Jun 10, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/GCI-LLC-2500851>

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