Fitch ups Unitymedia notes to B+/RR4

Fitch Ratings said it affirmed Unitymedia GmbH's long-term issuer default rating of B+.

The outlook is stable.

At the same time, the agency upgraded the group's senior notes to B+/RR4 from B/RR5.

Fitch said the ratings are supported by Unitymedia’s strong operating profile, including its strong challenger position in consumer and small business broadband markets, solid growth, high earnings and cash-flow margins.

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