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Issuer Ranking: Credit Stability Characterizes Telecom And Cable Despite Challenges Oct 08

  • ID: 1785728
  • October 2008
  • Standard & Poors

FEATURED COMPANIES

  • ALLTEL Corp.
  • CenturyLink Inc.
  • D&E Communications Inc.
  • Global Tel*Link Corp.
  • ITC DeltaCom Inc.
  • PAETEC Holding Corp.
  • MORE

Abstract
From the perspective of rating changes and the distribution of rating outlooks, stability has been the dominant trend among telecom and cable companies over the past quarter. About 70% of ratings have stable outlooks, with the balance just slightly tilted toward the negative side. Significantly, the ratio of recent upgrades to downgrades has been roughly equal, in marked contrast to the considerably more negative bias for corporate ratings overall. This relative stability, during a time of market and economic upheaval, contrasts with another period of market stress in 2001 and 2002, when downgrades outpaced upgrades by factors of 12x and 27x, respectively. Why such a measure of relative credit stability during these challenging times- At least some of this phenomenon...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- CenturyLink Inc.
- Cincinnati Bell Inc.
- Frontier Communications Corp.
- Comcast Corp.
- ALLTEL Corp.
- Sprint Communications Inc.
- Cox Enterprises Inc.
- Telephone and Data Systems Inc.
- AT&T Inc.
- DIRECTV
- Cablevision Systems Corp.
- Centennial Communications Corp.
- DISH Network Corp.
- Qwest Communications International Inc.
- GCI Inc.
- Crown Castle International Corp.
- Mediacom Communications Corp.
- IPC Systems Inc.
- Level 3 Communications Inc.
- FairPoint Communications Inc.
- TW Telecom Inc.
- Convergys Corp.
- Comverse Technology Inc.
- Alaska Communications Systems Holdings Inc.
- American Tower Corp.
- Leap Wireless International Inc.
- Verizon Communications Inc.
- iPCS Inc.
- Charter Communications Inc.
- Insight Communications Co. Inc.
- Intelsat S.A.
- Amdocs Ltd.
- Block Communications Inc.
- D&E Communications Inc.
- Time Warner Cable Inc.
- Atlantic Broadband Finance LLC
- Securus Technologies Inc.
- Telcordia Technologies Inc.
- Iowa Telecommunications Services Inc.
- Consolidated Communications Holdings Inc.
- Hawaiian Telcom Communications Inc.
- Global Tel*Link Corp.
- NTELOS Holdings Corp.
- Bresnan Broadband Holdings LLC
- WideOpenWest Finance LLC
- Cequel Communications LLC
- Embarq Corp.
- T-Mobile US Inc.
- Windstream Corp.
- Iridium Satellite LLC
- U.S. TelePacific Holdings Corp.
- Equinix Inc.
- Hargray Holdings LLC
- Integra Telecom Inc.
- MCNA Cable Holdings LLC
- PAETEC Holding Corp.
- ITC DeltaCom Inc.
- One Communications Corp.
- Syniverse Technologies Inc.
- Knology Inc.
- Hughes Network Systems LLC
- GeoEye Inc.
- NuVox Inc.
- CapRock Holdings Inc.
- Billing Services Group Ltd.
- kgb
- Broadview Networks Holdings Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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