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General

S&P cuts Altice rating outlook to negative

Friday 24 November 2017 | 10:14 CET | News
Credit rating agency Standard & Poor's has revised its outlook for Altice from stable to negative, while affirming the 'B+' long-term credit rating for the group. The decision was motivated by Altice's deteriorating growth prospects, as the company lowered its EBITDA guidance for 2017, primarily as a result of a weaker-than-expected performance in France. In this country, S&P now expects lower EBITDA growth in 2018, noting that Altice's differentiation strategy has yet to prove its effectiveness.

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Categories: General
Companies: Altice
Countries: France / World
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Total service revenues y-o-y
Belgium  |  2017 Q3