S&P affirms DISH Network

S&P said it affirmed the issuer credit rating on DISH Network Corp. at B, which benefits from a notch of uplift for the spectrum assets.

The outlook is negative.

“DISH Network’s pay-TV business continues to face intense competition resulting in its limited ability to de-lever over the next several years, based on our forecast for continued satellite subscriber declines in the 7%-8% range. However, we continue to believe that DISH Network's valuable spectrum licenses offer the potential for creditor friendly outcomes under certain scenarios over the longer term,” S&P said in a news release.

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