S&P: Unitymedia view positive

Standard & Poor's said it revised the outlook on Unitymedia GmbH to positive from stable, reflecting the group's significantly improving credit measures and good near-term trading prospects.

The B+ long-term corporate credit rating was affirmed.

The outlook revision acknowledges the strong operating performance at the core cable segment over the past two quarters, with a positive impact on credit measures, significant gross debt reduction and the turnaround at its subsidiary arena Sport Rechte & Marketing GmbH, according to the agency.

Unitymedia has an adjusted total debt-to- EBITDA ratio of 6.1 times.

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