S&P may cut Kabel Deutschland

Standard & Poor's said it placed the B+ long-term corporate credit rating on Kabel Deutschland GmbH on CreditWatch with negative implications after the company announced its bid to acquire networks from the Orion Group for about €585 million.

The agency said it would analyze the deal to determine whether the debt increase resulting from the deal is compatible with the group's current rating.

Before the acquisition, the company's adjusted total debt-to-EBITDA ratio is about 7.8 times for the past 12 months, S&P said.

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