Standard&Poor's Ratings Services derives its 'BB-' corporate credit rating on CommScope Holding Company from: Our anchor of 'bb-', based on our "fair" business risk and "aggressive" financial risk profile assessments for the company. Our financial policy assessment of "financial sponsor-5", which caps the financial risk profile at "aggressive." The other modifiers, which had no impact on the anchor rating. Meaningful market share and favorable demand fundamentals in selected end markets; Good geographic diversity; and Cyclical operating environment and moderate exposure to raw material pricing. Majority ownership by a private equity firm; Good free cash flow generation; and "Adequate" liquidity. The stable outlook on CommScope reflects our expectation that the company will preserve its improved EBITDA margins and continue
