Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed - S&P Global Ratings’ Credit Research

Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed

Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed - S&P Global Ratings’ Credit Research
Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed
Published Jun 01, 2007
Published Jun 01, 2007
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) June 1, 2007--Standard&Poor's Ratings Services said today it revised its outlook on U.K.-based telecommunications provider Virgin Media Inc. (VMI) to stable from positive, due to the company's persistently limited revenue growth. The ratings on the company, including the 'B+' long-term corporate credit rating, were affirmed. The ratings are constrained by VMI's challenging and very competitive U.K. operating environment, which results in restricted revenue growth prospects; significant gross leverage; and medium term debt maturities. The group benefits from high bandwidth, a two-way network, an established customer base, a focus on improving operating efficiency and practices, and free cash flow generation. The company's total reported debt at March 31, 2007, was £6.2 billion. "The stable outlook

  
Report Type:

Ratings Action

Ticker
VMED
Issuer
GICS
Broadcasting & Cable TV (25401020)
Sector
Corporations, Global Issuers, High Technology, Media & Entertainment, Telecommunications & Cable
Country
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed" Jun 01, 2007. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Virgin-Media-Outlook-Revised-To-Stable-On-Limited-Revenue-Growth-Ratings-Affirmed-581638>
  
APA:
S&P Global Ratings’ Credit Research. (). Virgin Media Outlook Revised To Stable On Limited Revenue Growth; Ratings Affirmed Jun 01, 2007. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Virgin-Media-Outlook-Revised-To-Stable-On-Limited-Revenue-Growth-Ratings-Affirmed-581638>
  
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