- Language: English
- 12 Pages
- Published: April 2013
- Region: Asia
Summary: TDL Infomedia Holdings PLC Jul 01
- Published: July 2001
- Standard & Poors
The ratings on TDL Infomedia Holdings PLC (TDL) and related entities reflect the group's position as the number-two publisher of classified telephone directories in the U.K., with an estimated market share of 16%, tempered by a highly leveraged capital structure and a narrow cash flow base. TDL continues to function as an autonomous business, with limited operational and financial support from its parent SEAT-Tin.it (SEAT) of Italy, the classified directories and Internet services arm of Telecom Italia Group SpA (BBB+/Watch Pos/A-2). Despite the absence of formal management links between TDL and its parent, 100% ownership by SEAT is expected to provide medium- to long-term benefits to TDL's business and financial position. As a diversified provider of business services, including directories,...
Companies mentioned in this report are: TDL Infomedia Holdings PLC
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
TDL Infomedia Holdings PLC