S&P cuts Kabel outlook

Standard & Poor's said it revised its outlook on Kabel Deutschland Holding AG to stable from positive.

At the same time, the BB- long-term corporate credit rating was affirmed.

S&P said the outlook revision primarily reflects its expectation that the announced acquisition of the Tele Columbus GmbH will delay the expected improvement in Kabel Deutschland's credit measures.

Nevertheless, the agency said it considers that the acquisition will likely strengthen Kabel Deutschland's revenue growth and EBITDA prospects because it increases the number of marketable households for triple-play services by about 1.4 million.

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