trending Market Intelligence /marketintelligence/en/news-insights/trending/3wa4zu4j1zndzehwhsx9mq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's upgrades VIVACOM on completion of refinancing package

TMT News & Research: 2020 Recap

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic


Moody's upgrades VIVACOM on completion of refinancing package

Moody's upgraded its corporate family rating on Bulgarian Telecommunications Co. d/b/a VIVACOM to Ba3 from B1 and affirmed its probability of default rating at B1-PD.

The outlook on the ratings is stable.

"The upgrade of Vivacom's ratings reflects the company's successful completion of a refinancing package which will be used to repay in full by April 2018 the company's outstanding €400 million notes due November 2018," Alejandro Núnez, a Moody's vice president, senior analyst and lead analyst for Vivacom, said in a statement.

The upgrade also reflects the company's "consistent track record of steady deleveraging since 2013, our expectation of a continued improvement in key credit metrics, and the company's conservative financial policies," Núnez added.