S&P gives Comcast notes BBB+

Standard & Poor's said it assigned its BBB+ rating to Comcast Corp.'s $900 million senior unsecured notes due 2018 and affirmed its BBB+ rating on $600 million of senior unsecured notes due 2037.

The $600 million notes are an add-on to $1.25 billion of notes due 2037 already outstanding, the agency said.

At the same time, S&P added it affirmed the BBB+ corporate credit rating and all other ratings on Comcast.

The outlook is stable.

The agency said that the notes offerings will be guaranteed by all of Comcast's cable operating subsidiaries, noting that the ratings on Comcast reflect the company's strong business position as the largest U.S. cable operator with more than 24 million geographically diverse basic cable subscribers, including those acquired from Adelphia Communications Corp., good revenue growth in advanced services, its expectations that the company will maintain a solid competitive position against direct-to-home satellite TV and rising competition from telephone companies.

© 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.