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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

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Categories: General
Companies: Altice Europe
Countries: Europe
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