Fitch affirms British Sky

Fitch Ratings said it affirmed the British Sky Broadcasting Group plc's long-term issuer default rating and senior unsecured rating at BBB+.

The outlook is stable.

One of Sky's key strengths is the robustness of its pay-TV business despite the challenging macroeconomic environment and continued competitive pressure from other triple-play services operators in the United Kingdom, Fitch said.

The stable outlook is underpinned by the continued strong growth evident in the company's recent results for the three months ending September 2011, the agency said.

Several regulatory issues are still unresolved, but Fitch said it does not see these making a serious dent in Sky's strong financial profile.

© 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.