CommScope Holding Co. Inc., the direct parent holding company of global telecommunications infrastructure solutions provider CommScope Inc., plans to issue $550 million of senior unsecured pay-in-kind (PIK) toggle notes. We are assigning a 'B+' corporate credit rating to CommScope Holding Co. Inc. and assigning a 'B-' issue rating and '6' recovery rating to the proposed notes. All of our ratings on CommScope Inc., including the 'B+' corporate credit rating, are unchanged. The stable outlook on both entities reflects our expectation that the company will preserve improved EBITDA margins, continue to generate good free operating cash flow, and maintain leverage in the low-5x area over the near term. On May 22, 2013, Standard&Poor's Ratings Services assigned its 'B+' corporate
