Moody’s ups DISH view to stable

Moody's Investors Service said it affirmed DISH Network Corp.’s wholly owned subsidiary, DISH DBS Corp.’s Ba3 corporate family rating and Ba2-PD probability of default rating.

DISH DBS’ speculative grade liquidity rating was changed to SGL-3 from SGL-1.

DISH's outlook was also revised to stable from negative.

Moody’s said the stable outlook reflects the unlikelihood that the company will increase debt leverage over the near- to intermediate-term, and an expectation that DISH's core video business is relatively stable over the near-term.

The agency expects DISH to be able to sustain its rating despite the potential for more debt financed spectrum investment outside of DISH DBS; however, the structure of any such debt issuance and expected source of debt service will dictate the impact on the credit ratings.

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