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Moody's gives Liberty Global Ba3
Moody's Investors Service said it assigned a Ba3 corporate family rating to Liberty Global, Inc. (LGI).
Concurrently, Moody's said it assigned a B1 corporate family rating to UPC Holding BV.
The outlook is stable.
LGI's Ba3 corporate family reflects the significant scale of its predominantly upgraded networks, its geographic diversity and its financial flexibility, the agency said.
Moody's added that risks continue to include high ongoing financial leverage combined with the expectation of limited free cash flow generation in the near-to-medium term, potential integration risks with regards to planned and future acquisitions, strong competition from larger and more established telecommunications competitors and the challenge of managing a broad base of multi-national operations in a complex capital structure.
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