Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2


Altice USA Inc. Rating Raised To 'BB-' From 'B+'; Debt Ratings Raised; Outlook Stable

  • 25-Feb-2019 17:58 EST
View Analyst Contact Information


  • Altice USA Inc. has steadily increased earnings through revenue growth
    and significantly improved profit margins, resulting in debt to EBITDA of
    5.3x for the last 12 months ended Dec. 31, 2018, compared with our
    upgrade trigger of 5.5x for a 'BB-' rating.
  • At the same time, the company's subscriber metrics are relatively stable
    since Altice implemented its cost-cutting initiatives, with investments
    in place to help preserve and possibly increase market share.
  • Therefore, we are raising all ratings on Alice by one notch, including
    the issuer credit rating to 'BB-' from 'B+', reflecting strong
    operational performance, prudent capital investments, and a more
    conservative financial policy following the spinoff from Altice N.V. in
    2018.
  • The stable outlook reflects our belief that while the company can
    deleverage further, it will engage in shareholder rewards or mergers and
    acquisitions such that debt to EBITDA remains around 5x over the next 2-3
    years.
 
USU24044AB24 Dean Foods, 6.5% 15mar2023 chiesto censimento IW controparte a 78
scambi odierni
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Windstream (NASDAQ:WIN) is back in court today, looking for approval of specifics to its debtor-in-possession financing, Bloomberg reports.
Shares are up 6% today, looking to break a streak after five straight down days following its trial loss to Aurelius.
Of $1B arranged by Citigroup, the company's filing for $500M in a revolving credit facility and $500M in a term loan.
Once the interim DIP order is approved, the company would initially have access to $100M from the revolver and $300M from the term loan, and: “Absent access to the DIP facilities, the debtors would likely need to liquidate immediately, to the detriment of their stakeholders."
Windstream says it received "multiple proposals from lenders within and outside the capital structure for both out- of-court and in-court financing."
And after Uniti Group (NASDAQ:UNIT) broke a four-day losing streak yesterday, its shares are back down 7.8% today. Windstream is Uniti Group's biggest customer via a master lease.
Windstream filed for bankruptcy yesterday as it sorted out how to make an accelerated payment on bonds on which it was ruled to have defaulted.
 
Salvo sorprese non me le hanno date,anche perché avevo messo limite a 20
a me ieri illiquide

buona frontier, ha perso meno soldi del solito.:rolleyes:

voglio vedere le puntigliose analisi post bilanci per capire se stanno raggiungendo gli obiettivi, così in conference call è sempre rosa e fiori
 
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