trending Market Intelligence /marketintelligence/en/news-insights/trending/A7BA6j_zK5t_Jo2O-Zwm4A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch affirms American Tower ratings

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

European subscription OTT video 5-year outlook

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year


Fitch affirms American Tower ratings

Fitch Ratings affirmed its long-term issuer default rating and long-term senior unsecured note and credit facility ratings on American Tower Corp. at BBB, with a stable outlook.

The rating agency said the action is backed by the communications real estate investment trust's financial flexibility stemming from its stable free cash flow and its consistently high EBITDA margins at about 60%.

Fitch expects the REIT's gross leverage to be just under 5.0x and its net leverage to be slightly below that level within the 2019-2021 forecast period.

The company's long-term issuer default rating is not affected by its impending $1.85 billion acquisition of Eaton Towers Holdings Ltd., which is set to close by the end of 2019.