0
General

S&P cuts Altice's long-term credit rating from B+ to B

Friday 20 April 2018 | 09:49 CET | News
Standard & Poor's downgraded Altice's long-term credit rating by one notch to B, after placing it on credit watch with negative implications in January. At the time, the credit rating agency said that Altice's decision to reorganise its corporate structure, separating the US business, had removed a potential source of support for the European assets, impacting the company's ability to meet the agency's forecast for adjusted debt to EBITDA ratio. The downgrade reflects the fact that this ratio is expected to remain higher than 6x in 2018-2019, excluding asset disposals. The agency also

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Altice Europe
Countries: Europe
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Altice refinances part of debt

Published 16 Jul 2018 12:17 CET | Europe
Altice announced that it has refinanced and extended the maturity of a portion of its debt. The company said that it had priced ...

Altice Europe meldt mindere resultaten over Q1

Published 17 May 2018 09:49 CET | Europe
Atlice heeft de eerste kwartaalresultaten van zijn nieuwe unit Altice Europe bekend gemaakt. De divisie volgt op de spin-off van ...

Altice Europe Q1 results still down slightly as customer growth improves

Published 17 May 2018 09:20 CET | Europe
Altice has reported the first results for its new Altice Europe, to be created once the spin-off of Altice USA is completed next ...

Telecomindex week 16: kwartaalcijfers, Russisch herstel en een gerucht over Vodafone/Liberty

Published 23 Apr 2018 09:35 CET | Europe
Het belangrijkste nieuws van vorige week kwam vrijdag nabeurs. Het was een verslag in de Financial Times over de voortgang in de ...

Last week in telecoms: Q1 reports, Russian recovery and a Vodafone/Liberty report after the close

Published 23 Apr 2018 07:30 CET | Europe
Satellite stocks did well in week 16, especially SES (+17%) and Intelsat (+33%). The Russian shares in our basket recovered from ...

EU set to fine Altice for gun-jumping in PT takeover - report

Published 19 Apr 2018 12:29 CET | Portugal
EU antitrust regulators are expected to punish Altice with a fine for completing the acquisition of PT Portugal in 2015 without ...

Altice could earn EUR 100 mln by blocking TVI content to competitors - study

Published 13 Apr 2018 13:00 CET | Portugal
Altice, the owner of Meo, may earn an additional EUR 100 million in profits in Portugal if it opts to block access to contents of ...

Nos warns of duopoly if Altice/Media Capital merger approved

Published 11 Apr 2018 12:26 CET | Portugal
Portuguese operator Nos has warned that if the proposal to buy Media Capital by Altice Portugal goes ahead, a duopoly would be ...

S&P places Altice B+ rating on credit watch with negative implications

Published 17 Jan 2018 10:08 CET | World
Credit rating agency Standard & Poor's is placing Altice's B+ long-term rating on credit watch with negative implications, ...

Altice to spin off US company, reorganise Europe activities

Published 09 Jan 2018 09:43 CET | Europe
Altice has announced a major reorganisation plan, saying it wants to split the company into two companies, one with its eye only ...





Calendar   /   Industry Events

20 Feb Axiata Q4 2019
20 Feb Bouygues Q4 2019
20 Feb Starhub Q4 2019
20 Feb Windstream Q4
20 Feb Commscope Q4 2019
20 Feb SBA Communications Q4 2019
20 Feb Interdigital Q4 2019
20 Feb Liberty Latin America Q4 2019
20 Feb Telefonica Q4 2019
20 Feb Fitbit Q4 2019
20 Feb Consolidated Communications Q4 2019
20 Feb Intelsat Q4 2019
20 Feb EchoStar Q4 2019
20 Feb OTE EGM
21 Feb Proximus Q4 2019
21 Feb Vodafone Iceland Q4 2019
21 Feb Digi Communications FY results
21 Feb TDS, US Cellular Q4 2019
21 Feb Megacable Q4 2019
24 Feb Palo Alto Networks fiscal Q2
24 Feb Arlo Q4 2019
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Box Q4 2019
26 Feb Orbcomm Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
::: More Calendar Items