S&P assigns Tele Columbus, loan B-

S&P said it assigned B- ratings to Tele Columbus AG and its €707 million senior secured term loan.

“We think lower exceptional costs and capital expenditure (capex) will support better EBITDA and FOCF in 2020, but credit metric improvements will remain modest,” said S&P in a press release.

The outlook is negative.

© 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.