Moody’s ups SBA Communications

Moody’s Investors Service said it upgraded all ratings of SBA Communications Corp. by one notch, including the corporate family rating to Ba3 from B1.

The agency also upgraded to B1 from B2 the senior unsecured debt rating.

Moody’s said it assigned an SGL-1 speculative grade liquidity rating indicating very strong liquidity.

“The rating upgrade reflects SBAC’s improved credit profile supported by lower leverage levels and robust operating performance, which Moody’s expects to continue in the next 12-18 months,” said Moody’s in a press release.

The outlook is stable.

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