Fitch gives BB- to DISH DBS notes

Fitch Ratings said it assigned a BB- rating to DISH DBS Corp.'s proposed $300 million offering of Rule 144A senior unsecured notes. The outlook is negative.

Proceeds from the offering are expected to be used for general corporate purposes.

From Fitch's perspective, the issuance, coupled with DISH DBS' issuance of $1 billion of 7.875% senior notes due 2019, will bolster DISH's somewhat constrained liquidity position (relative to a historical perspective), and Fitch believes that DISH's credit profile has sufficient flexibility to accommodate a modest increase in leverage.

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