Moody’s changes Salt view to positive

Moody's Ratings said it affirmed the B2 corporate family rating and the B2-PD probability of default rating of Matterhorn Telecom Holding SA (Salt).

Concurrently, Moody's affirmed the B2 instrument ratings on the backed senior secured notes, the senior secured revolving credit facility and the senior secured term loan B issued by Matterhorn Telecom SA.

The outlook has been changed to positive from stable for both entities.

“The change in outlook to positive largely reflects our expectation that Moody's-adjusted leverage will trend towards 5x through 2025 on the back of good operating performance. Free cash flow before dividends will also remain solid in spite of potential pressures coming from interest and tax,” said Luigi Bucci, a Moody’s assistant vice president-analyst and lead analyst for Salt, in a news release.

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