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Research Update: GCI Inc. Outlook Revised To Stable From Negative On Solid Performance; Ratings Affirmed
Standard & Poors, October 2006
On Oct. 19, 2006, Standard & Poor's Ratings Services revised its outlook on Anchorage, Alaska-based GCI Inc. to stable from negative. All ratings, including the 'BB' corporate credit rating, were affirmed. Total debt outstanding as of June 30, 2006, was about $539 million on an operating lease-adjusted basis. GCI is a cable television operator and telecommunications provider. The outlook revision reflects the company's solid operating performance and our expectations for healthy EBITDA growth and margin expansion as GCI converts local access lines to its own cable network and increases penetration of bundled services. In the 2006 second quarter, revenue and EBITDA grew 6.8% and 8.4%, respectively, from a year earlier due primarily to increased penetration of bundled services and greater...
Companies mentioned in this report are: GCI Inc.
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.