- Language: English
- Published: November 2012
- Region: Israel
Research Update: United Business Media Ltd. Outlook Revised To Positive On Financial Policy Moderation; 'BBB-/A-3' Ratings Affirmed Apr 09
- Published: April 2009
- Standard & Poors
On April 7, 2009, Standard & Poor's Ratings Services revised its outlook on diversified business media group United Business Media Ltd. (UBM) to positive from stable. The outlook revision takes account of UBM's restrained financial policy over 2008, and its recent revision in order to maintain a prudent balance sheet. At the same time, Standard & Poor's affirmed its 'BBB-' long-term and the 'A-3' short-term corporate credit ratings. In the past, the upside rating potential of the robust operating performance and strong cash generation were offset by UBM's aggressive financial policy, reiterated in November 2007, which envisaged further acquisitions and shareholder distributions. Over 2008, however, the group demonstrated restraint in shareholder returns and acquisitions. Acquisitions totaled -38 million, which was...
Companies mentioned in this report are: United Business Media,UBM PLC
Action: Outlook: Positive
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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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United Business Media,UBM PLC