Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Optics Bidco SpA > News item |
Fitch gives Optics Bidco BB, notes BB+
Fitch Ratings said it assigned Optics Bidco SpA a BB long-term issuer default rating with a stable outlook and an expected senior secured instrument rating to the transferred bonds from the liability management with Telecom Italia SpA of BB+ with an RR2 recovery rating.
“The IDR and its stable outlook reflect Optics' leading market position as a mission-critical provider of digital infrastructure in Italy, operating in a structurally supportive market environment with a wholesale business model that provides enhanced revenue visibility,” Fitch said in a press release.
The agency added that “Optics' higher-than-average revenue visibility offsets its negative free cash flow. Visibility on the stabilization of FCF could support a higher rating.”
© 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.