Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance - S&P Global Ratings’ Credit Research

Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance

Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance - S&P Global Ratings’ Credit Research
Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance
Published Oct 31, 2023
4 pages (1430 words) — Published Oct 31, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 30, 2023, network infrastructure provider CommScope Holding Co. Inc. announced weaker-than-expected preliminary results for the third quarter of 2023. CommScope continues to see large inventory overhang from all its major segments such that full-year 2023 revenue and EBITDA will be worse than we expected. We placed our ratings on the company on CreditWatch with negative implications, including the 'B-' issuer credit rating. We will consider resolving the CreditWatch listing after reviewing the company's full third quarter results. The CreditWatch action follows CommScope's announcement of its preliminary results for the third quarter of 2023, which meaningfully lowered the company's projected 2023 revenue and EBITDA due to continued demand weakness from all its major segments. We now project CommScope's revenue

  
Brief Excerpt:

...- On Oct. 30, 2023, network infrastructure provider CommScope Holding Co. Inc. announced weaker-than-expected preliminary results for the third quarter of 2023. - CommScope continues to see large inventory overhang from all its major segments such that full-year 2023 revenue and EBITDA will be worse than we expected. - We placed our ratings on the company on CreditWatch with negative implications, including the 'B-' issuer credit rating. - We will consider resolving the CreditWatch listing after reviewing the company's full third quarter results....

  
Report Type:

Research Update

Issuer
CommScope Holding Co. Inc.
GICS
Communications Equipment (45201020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance" Oct 31, 2023. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CommScope-Holding-Co-Inc-Ratings-Placed-On-CreditWatch-Negative-Following-Weaker-Than-Expected-Earnings-And-Guidance-3081989>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: CommScope Holding Co. Inc. Ratings Placed On CreditWatch Negative Following Weaker Than Expected Earnings And Guidance Oct 31, 2023. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CommScope-Holding-Co-Inc-Ratings-Placed-On-CreditWatch-Negative-Following-Weaker-Than-Expected-Earnings-And-Guidance-3081989>
  
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