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S&P puts CommScope on watch
S&P said it placed ratings for CommScope Holding Co. Inc. on CreditWatch with negative implications.
S&P said it attributed the placement to the company’s lower-than-expected guidance for the third quarter, including that its EBITDA will drop to the $310 million to $370 million range versus S&P’s prior forecast of about $400 million, due to weak cable operator spending.
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