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Bulletin: Luxembourg-Based Matterhorn Mobile Holdings Preliminary Ratings Unaffected By Reported Changes In Proposed Debt Issues Feb 12
Standard & Poors, Feb 2012
Abstract
PARIS (Standard & Poor's) Feb. 3, 2012--Standard & Poor's Ratings Services said today that the preliminary 'B+' long-term corporate credit rating on Luxembourg-based Matterhorn Mobile Holdings S.A. (Matterhorn; preliminary, B-/Stable/--), as well as the preliminary issue and recovery ratings on the its various debt instruments, are unaffected by the company's reported intent to make some changes to the amounts and composition of its upcoming notes and bank loan issues compared. This is because the proposed changes in capital structure do not materially affect the recovery prospects linked to the proposed debt instruments, in our view. Furthermore, under our base-case scenario, we consider that the subsequent likely 0.1x to 0.2x increase in Matterhorn's adjusted debt-to-EBITDA ratio to about 4.3x at year-end...
Companies mentioned in this report are: Matterhorn Mobile Holdings S.A.,Matterhorn Mobile S.A.
Action: Bulletin
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.
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