S&P: SpectraSite on watch positive

Standard & Poor's said it placed its ratings for SpectraSite Inc., including the B+ corporate credit rating, B- senior unsecured debt rating and BB- $900 million senior secured bank loan rating, on CreditWatch positive.

The CreditWatch listing relates to an industry review being conducted by S&P of the tower leasing business and the position of the companies within this industry.

S&P said strengthening business prospects could support higher ratings for the companies in this sector, including SpectraSite.

The wireless carriers, particularly the large national players, are expected to continue to increase their geographic footprint, coverage, and capacity to support increased minutes of use both for voice and expanding broadband services, according to S&P.

Tower companies will benefit from these trends, which should continue to bolster increased tower co-location, the ratings agency said.

© 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.