Moody’s might cut DISH

Moody's Investors Service said it placed all ratings for DISH Network Corp. and its subsidiary DISH DBS Corp., including its Ba3 corporate family rating and Ba3 senior unsecured debt ratings, on review for downgrade.

Moody’s said the review was prompted by the company's declining trends in operating performance, including the secular pressure on satellite pay TV subscriptions and on EBITDA.

“Such erosion has exceeded its pace of debt and leverage reduction at DISH DBS, and at the same time, consolidated leverage has risen to levels above our expectations for its Ba3 long-term credit rating,” the agency said in a news release.

© 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.