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General

Moody's downgrades outlook for Ziggo ratings

Monday 19 September 2016 | 13:39 CET | News
Moody's Investors Service has downgraded the outlook for Ziggo's credit ratings to negative from stable. The existing ratings were maintained at Ba3 for the corporate family rating of the Dutch cable operator and its subsidiaries. Moody's said the current ratings are based on Ziggo's planned 50-50 joint venture with Vodafone Netherlands, which will strengthen the company's business and competitive position versus incumbent KPN. However, the ratings agency said the Vodafone-Ziggo JV will start out with a high leverage, near the top of the Ba3 rating category. This prompted the downgrade in

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Categories: General
Companies: KPN / Liberty Global / VodafoneZiggo / Ziggo
Countries: Netherlands
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