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S&P shifts Dish DBS view to stable
S&P said it changed the outlook for Dish DBS Corp. to stable from negative and affirmed the B- issuer rating.
“The stable outlook reflects significantly better-than-expected credit metrics in 2020 stemming from a combination of cost cutting, price increases, and low customer churn. Dish DBS has grown EBITDA 30% year-to-date (through Sept. 30, 2020), which significantly exceeds previous expectations for a decline of about 5% in 2020. As a result, debt to EBITDA is below our upgrade trigger of 4x, down from previous expectations of 4.1x-4.5x in 2020,” S&P said in a press release.
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