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




S&P.com will be conducting routine maintenance Friday at 8pm through Sunday at 5pm, New York time. Site performance may not be optimal during this time. In addition, there may be a period of time when there will be no ratings updates. We apologize for the inconvenience and thank you for your patience.


Wind Tre 'BB-' Ratings Affirmed; Off Watch; Outlook Stable
  • 12-Oct-2018 09:38 EDT
View Analyst Contact Information


  • CK Hutchison Holdings Ltd. (Hutchison) is now the 100% owner of Wind Tre
    S.p.A, likely providing Wind Tre with substantial management support and
    continuous execution discipline.
  • However, our assessment of the likelihood of future potential parental
    support remains unchanged, at this stage, because Wind Tre first needs to
    establish a longer track record of effectively and successfully
    confronting challenging Italian mobile market conditions.
  • We are therefore affirming our 'BB-' ratings on Wind Tre and its related
    debt issues, and removing the ratings from CreditWatch positive.
  • The stable outlook reflects our view that the challenges faced by Wind
    Tre, such as the shrinking retail EBITDA and client base, heavy
    investments, and the network upgrade, are mitigated by our estimate of a
    significant cushion resulting from increasing wholesale revenue
 

Users who are viewing this thread

Back
Alto