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Viewing report
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C&M Co. Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Dominant market position in its regulated operating regions Strong and stable operating profitability High population density and relatively high per capita income in its operating regions High refinancing risk related to bullet loan payments Highly leveraged financial risk profile Intensifying competition from Internet Protocol TV (IPTV) The rating on Korea-based cable TV operator C&M Co. Ltd. (B/Negative/--) reflects the high level of debt in its capital structure, significant risks in refinancing its bullet loan repayments, and the threat it faces from Internet Protocol TV (IPTV). Offsetting these weaknesses are C&M's dominant market position in the most populated regions of greater Seoul Province and its strong and stable operating profitability. When analyzing C&M's credit profile, Standard & Poor's takes a consolidated...
Companies mentioned in this report are: C&M Co. Ltd.
Action: Review
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: Full Analysis
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