Research Update: GCI Inc. Outlook Revised To Stable; 'BB-' Corporate Credit Rating Affirmed
- ID: 1785804
- June 2009
- Standard & Poors
GCI's operating trends have been healthy the past few quarters, most notably in the consumer segment, where it is increasing penetration across all services. Standard & Poor's revised its outlook on GCI to stable from negative and affirmed its 'BB-' corporate credit rating on the company. The stable outlook reflects our expectation for healthy EBITDA growth over the next year, which should contribute to improved credit protection measures. We expect the company to generate positive discretionary cash flow in the second half of 2009. On June 2, 2009, Standard & Poor's Ratings Services revised the outlook on Anchorage, Alaska-based GCI Inc. to stable from negative. At the same time, we affirmed the ratings on GCI, including the 'BB-' corporate credit...
Companies mentioned in this report are: GCI Inc.
Action: Outlook: Stable
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Product Type: Research Update
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