...+ Due to intense competition in the Dutch market, we expect Ziggo's Standard & Poor's-adjusted debt to EBITDA will rise above 5x for at least the next two years, and its adjusted free operating cash flow to debt will remain below 5%. + To reflect its weaker financial risk profile, we are revising downward our assessment of Ziggo's stand-alone credit profile. + We are affirming our '##-' corporate credit rating on Ziggo, because we continue to equalize our rating on the company with that on Liberty Global plc (LGP). + The stable outlook on Ziggo mirrors our stable outlook on its parent company, LGP. PARIS (Standard & Poor's) Jan. 29, 2016--Standard & Poor's Ratings Services today affirmed its '##-' long-term corporate credit rating on Netherlands-based Ziggo Group Holding B.V. (Ziggo). The outlook is stable. We also affirmed our '##-' issue rating on Ziggo's senior secured debt. The recovery rating remains unchanged at '3', indicating our expectation of meaningful recovery, in the higher...
