S&P: Kabel Deutschland view positive

Standard & Poor's said it revised the outlook on Kabel Deutschland GmbH to positive from stable and affirmed the BB- long-term corporate credit rating.

"The outlook revision reflects the fact that KDG's credit measures have improved faster than we had expected, primarily owing to the use of excess cash for debt reduction, which formed part of the company's recent capital structure optimization," S&P analyst Matthias Raab said in a statement.

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