Tear Sheet: GCI LLC - S&P Global Ratings’ Credit Research

Tear Sheet: GCI LLC

Tear Sheet: GCI LLC - S&P Global Ratings’ Credit Research
Tear Sheet: GCI LLC
Published Mar 04, 2024
5 pages (2032 words) — Published Mar 04, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The company increased total revenue by 1.2% in 2023 because of mid-single-digit percent data revenue growth, partially offset by continued declines in other (video&voice) revenue. Our base-case forecast assumes modest revenue growth of about 2% in 2024, driven primarily by 7% growth in business data revenue. We expect only moderate consumer wireless growth of about 1% in 2024 because of mature market conditions, although we assume post-paid net adds of about 5,000. We also expect consumer broadband revenue will be essentially flat this year as high-speed data penetration nears maturity in Alaska. Our base-case forecast assumes an 8% decline in EBITDA due to upgrades to GCI's enterprise resource planning (ERP) system and increased SG&A expenses. Still, we expect

  
Brief Excerpt:

...Foreign currency issuer credit rating B+/Stable/-- Local currency issuer credit rating B+/Stable/-- Business risk Weak Country risk Very Low Industry risk Intermediate Competitive position Weak Financial risk Significant Cash flow/leverage Significant Anchor ##- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Negative (-1 notch) Liquidity Adequate (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile b+...

  
Report Type:

Full Report

Ticker
1625155D
Issuer
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: GCI LLC" Mar 04, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-GCI-LLC-3133716>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: GCI LLC Mar 04, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-GCI-LLC-3133716>
  
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