Fitch: DISH off watch

Fitch Ratings said it affirms the BB- issuer default rating assigned to DISH Network Corp. and its wholly owned subsidiary DISH DBS Corp.

Fitch said it has also affirmed the BB- rating assigned to the senior unsecured notes issued by DDBS.

The rating watch negative on all ratings has been removed. The outlook is stable.

DISH had about $14.5 billion of debt outstanding as of Dec. 31, the agency noted.

The company's issuer default rating and debt securities were placed on rating watch negative on Feb. 4 to reflect the uncertainty surrounding DISH's funding strategy and potential negative affect on DISH's credit profile arising from the company's winning bids in the FCCs AWS-3 spectrum auction.

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