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Moody's boosts Cablecom Luxembourg, rates loan B1
Moody's Investors Service said it upgraded the following ratings of Cablecom Luxembourg SCA: corporate family rating to B1 from B2 and €290 million senior notes to B3 from Caa1.
Concurrently, Moody's said it has assigned a B1 rating to a CHF 1,330 million senior secured bank facility.
The outlook is stable.
Moody's noted that the B1 corporate family rating continues to be anchored at Cablecom Luxembourg SCA.
The upgrade reflects Cablecom's robust operational and financial performance, which resulted in the consolidated leverage of 5.0 times total debt to EBITDA as of Sept. 30 as compared to 5.3 times as of Dec. 31, 2004.
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