Moody’s might cut DISH

Moody's Investors Service said it placed DISH Network Corp.'s Ba3 corporate family rating, Ba2-PD probability of default rating rating, and Ba3 senior unsecured rating, as well as its wholly owned subsidiary DISH DBS Corp.'s B1 corporate family rating, Ba3-PD PDR, and B1 senior unsecured rating on review for downgrade.

DISH Network's SGL-2 speculative grade liquidity rating is unchanged.

The agency said the review is prompted by DISH's and DISH DBS' already limited financial capacity for higher debt and leverage for their present credit ratings and an agreement reached by DISH, the Department of Justice, T-Mobile USA, Inc. (Ba2 stable) and Sprint Corp. (B2 under review for upgrade) to acquire Sprint's prepaid wireless service businesses and wireless spectrum assets for a combined $5 billion.

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