S&P cuts Telephone and Data Systems outlook

Standard & Poor's said it revised its outlook on Telephone and Data Systems Inc. to negative from stable. The agency said the outlook revision also affects the company's 83% owned subsidiary, United States Cellular Corp.

In addition, S&P said it affirmed all ratings on the company, including the BBB- corporate credit rating and those at United States Cellular.

"The outlook revision reflects the risk that competitive pressures at TDS' wireless subsidiary U.S. Cellular could intensify," said S&P credit analyst Naveen Sarma in a news release, "resulting in increased subscriber losses and depressed wireless EBITDA service margins."

© 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.