Fitch rates DISH notes BB-

Fitch Ratings said it assigned a BB- rating to DISH DBS Corp.'s proposed $2.5 billion offering of senior secured notes.

DISH DBS is a wholly owned subsidiary of DISH Network Corp.

The proceeds will be used for general corporate purposes, including spectrum-related transactions that will support the company's unspecified wireless strategy, Fitch said.

The outlook remains negative.

The ratings reflect the company's weakening credit protection metrics, Fitch said.

The company's $25.5 billion bid for Sprint would create a compelling combination of assets, spectrum and service offering that could uniquely position the combined entity with a stronger overall competitive position, the agency said.

Fitch said it believes the higher debt levels, along with elevated execution and integration risks associated with the proposed transaction, will likely have negative ratings consequences for DISH.

DISH's credit profile also has weakened considerably due to inconsistent operating performance and elevating debt levels, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.