- Language: English
- 70 Pages
- Published: August 2010
- Region: Poland
Satellite Service Provider EH Holding Corp. Assigned 'B+' Corporate Credit Rating; $1B Senior Secured Notes Rated 'B+' May 11
- Published: May 2011
- Standard & Poors
We are assigning our 'B+' corporate credit rating to U.S. satellite services operator EH Holdings Corp., a subsidiary of EchoStar Corp. We are also assigning a 'B+' issue-level rating and a '3' recovery rating to the company's proposed $1 billion senior secured notes and a 'B-' issue-level rating and a '6' recovery rating to its proposed $800 million senior unsecured notes. The stable outlook reflects our expectation that free operating cash flow will be negative for the next few years and that pro forma adjusted leverage will decline modestly to the low-5x area in 2011. NEW YORK (Standard & Poor's) May 13, 2011--Standard & Poor's Ratings Services said today that it assigned its 'B+' corporate credit rating to Denver-based EH...
Companies mentioned in this report are: EH Holding Corp.
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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EH Holding Corp.