E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/21/2007 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch: Kabel Deutschland unaffected

Fitch Ratings said that Kabel Deutschland's acquisition of 1.2 million of Orion's cable television subscribers is likely to have a neutral impact on its issuer default rating, but that it is likely to improve the company's business profile. The company's existing senior secured rating is BB+.

Kabel Deutschland Vertrieb und Service GmbH & Co's long-term issuer default rating is currently BB-, senior notes are rated BB- and the company has a stable outlook.

Given the lack of information on the acquisition and financing, Fitch said it is also too early to predict the potential impact on its instruments' ratings.


© 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.