S&P rates Altice Luxembourg B+, Altice view stable

Standard & Poor's said it revised its outlook on Altice NV and its core subsidiaries, Altice International Sarl and Numericable-SFR SA, to stable from negative and affirmed the B+ long-term corporate credit ratings.

The agency also assigned its B+ long-term corporate credit rating to Altice Luxembourg SA.

The outlook is stable.

S&P affirmed its issue-level ratings on the Altice group's debt, issued by various subsidiaries.

By error, the agency did not previously assign a rating to Altice Luxembourg SA, to which the entity Altice SA (which no longer exists since its merger into Altice NV) had transferred substantially all its assets and liabilities. This action corrects this error, and moves the issue-level ratings to Altice Luxembourg SA from Altice NV.

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