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Published on 12/21/2006 in the Prospect News Convertibles Daily.

Fitch affirms Comcast

Fitch Ratings said it affirmed the BBB+ issuer default rating and senior unsecured debt ratings for Comcast Corp. and the other issuers included in Comcast's cross-guaranty structure that holds substantially all of the company's cable businesses.

The outlook for all of Comcast's ratings is stable.

Fitch's said its ratings and stable outlook continue to reflect Comcast's strong competitive position as the largest multiple system operator in the United States and Fitch's belief that the company is well positioned to generate solid operating metrics and sustainable EBITDA and free cash flow growth in an operating environment that Fitch anticipates will be increasingly competitive over Fitch's rating horizon.

Key to Comcast's strong competitive position is its-scale and strong system clustering as well as the emergence of the triple play service offering, the agency said.


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