ViaSat Inc. Corporate Credit Rating Raised To 'BB-'; Outlook Stable

U.S. satellite services and equipment provider ViaSat Inc. has generated continued strong revenue and EBITDA growth, made steady progress toward its long-term strategy, and provided greater guidance on capital investment plans. We are raising the corporate credit rating on ViaSat to 'BB-' from 'B+'. We are also raising the issue-level rating on the company's senior unsecured notes to 'BB-' from 'B+'. The recovery rating remains '4'. The stable outlook reflects our expectation that leverage will be around 4x over the next year, comfortably below 4.5x, as the company continues to makes investments in the ViaSat-3 constellation. NEW YORK (S&P Global Ratings) June 21, 2017--S&P Global Ratings today raised its corporate credit rating on Carlsbad, Calif.-based ViaSat Inc. to 'BB-' from

...+ U.S. satellite services and equipment provider ViaSat Inc. has generated continued strong revenue and EBITDA growth, made steady progress toward its long-term strategy, and provided greater guidance on capital investment plans. + We are raising the corporate credit rating on ViaSat to '##-' from 'B+'. + We are also raising the issue-level rating on the company's senior unsecured notes to '##-' from 'B+'. The recovery rating remains '4'. + The stable outlook reflects our expectation that leverage will be around 4x over the next year, comfortably below 4.5x, as the company continues to makes investments in the ViaSat-3 constellation. NEW YORK (S&P Global Ratings) June 21, 2017--S&P Global Ratings today raised its corporate credit rating on Carlsbad, Calif.-based ViaSat Inc. to '##-' from 'B+'. The outlook is stable. At the same time, we raised our issue-level rating on the company's senior unsecured notes to '##-' from 'B+'. The recovery rating remains '4', indicating our expectation for...

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