- Language: English
- Published: April 2006
- Region: United States
Research Update: MetroPCS 'B' Rating Outlook Revised To Positive; Term Loan B-2 Rated 'BB-' (Recovery Rating: 1) Jul 10
- Published: July 2010
- Standard & Poors
We expect U.S. wireless carrier MetroPCS to achieve net free cash flow positive results after capital expenditures in 2010, albeit at modest levels. We are revising our 'B' rating outlook on the company to positive from stable. We are also assigning subsidiary MetroPCS Wireless' proposed amended and extended $800 million term loan B-2 our 'BB-' issue rating with a recovery rating of '1'. The positive outlook reflects the potential for a rating upgrade if the company achieves our expectation for positive net free cash flow after capital expenditures this year. On July 2, 2010, Standard & Poor's Ratings Services revised its rating outlook on Richardson, Texas-based MetroPCS Communications Inc. to positive from stable. Existing ratings on the company, including the...
Companies mentioned in this report are: MetroPCS Communications Inc.,MetroPCS Wireless Inc.
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.
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.
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MetroPCS Communications Inc.,MetroPCS Wireless Inc.