Moody's maintains U.S. Cellular

Moody's Investors Service maintained United States Cellular Corp.'s senior unsecured rating of Baa2, senior secured shelf rating of provisional Baa2, senior unsecured shelf rating of provisional Baa2 and preferred shelf rating of provisional Baa2.

The ratings are based on the company's strong financial profile, including low leverage, ample liquidity, ongoing free cash flow generation and a manageable debt maturity profile, Moody's said.

But powerful competitive challenges exacerbated by a relative lack of scale will increasingly pressure the company's ability to sustain margins and grow earnings and cash flows over the next few years, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.