Summary: Zayo Group LLC - S&P Global Ratings’ Credit Research

Summary: Zayo Group LLC

Summary: Zayo Group LLC - S&P Global Ratings’ Credit Research
Summary: Zayo Group LLC
Published Jun 24, 2013
1649 words — Published Jun 24, 2013
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Abstract:

Expansion risk Increasing competition within fiber markets Strong demand for bandwidth, especially for wireless backhaul Recurring revenue business model with multiple-year contracts and sizable contractual revenue backlog Highly leveraged capital structure Aggressive acquisition and capital investment strategy Adequate liquidity The stable outlook reflects the company's good growth prospects balanced by what we consider to be a highly leveraged financial risk profile and very aggressive expansion policies. We believe leverage will remain elevated for the foreseeable future, with EBITDA growth potentially offset by additional debt-financed acquisitions or capital investments. We could lower the rating if the company made a poor debt-funded acquisition that resulted in a loss of EBITDA or cash flow, or if the pricing environment were to deteriorate due

  
Brief Excerpt:

RESEARCH Summary: Zayo Group LLC Publication date: 24-Jun-2013 Primary Credit Analyst: Michael Weinstein, CFA, New York (1) 212-438-4681; michael.weinstein@standardandpoors.com Secondary Contact: Allyn Arden, CFA, New York (1) 212-438-7832;...

  
Report Type:

Summary

Issuer
Zayo Group LLC
GICS
Alternative Carriers (50101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Zayo Group LLC" Jun 24, 2013. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Zayo-Group-LLC-1150931>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Zayo Group LLC Jun 24, 2013. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Zayo-Group-LLC-1150931>
  
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