S&P ups GCI outlook to stable

Standard & Poor's said it revised the outlook on GCI Inc. to stable from negative.

At the same time, the agency said it affirmed the ratings on GCI, including the BB- corporate credit rating.

"The outlook revision reflects its expectation for healthy EBITDA growth, most notably in the consumer segment," said S&P credit analyst Allyn Arden.

As a result, credit protection measures should improve to levels that are more supportive of the rating over the next year; the agency said it expects total debt to EBITDA of 4.8x as of March 31 to approach the mid-4x level by year-end 2009.

"Additionally, it reflects its expectations that GCI will generate positive discretionary cash flow in the second half of 2009," added Arden.

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