Mobilitie Investments II LLC Assigned 'B' Corporate Credit Rating Jun 11
Standard & Poors, June 2011
Abstract
U.S. wireless tower operator Mobilitie Investments II LLC refinanced its debt with $415 million of secured credit facilities. We expect the company to have leverage of nearly 10x, including our adjustments as of the end of 2011 as it continues to expand its tower base. We are assigning our 'B' corporate credit rating to the company, with a stable outlook. We are also assigning a 'BB-' issue-level rating to its credit facilities. The outlook is stable, due to the high leverage, combined with our expectation for increasing funds from operations and eventual free operating cash flow generation. NEW YORK (Standard & Poor's) June 20, 2011--Standard & Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to...
Companies mentioned in this report are: Mobilitie Investments II LLC
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.
Mobilitie Investments II LLC
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