Research Update: Nielsen Holdings 'BB' Rating Placed On CreditWatch Negative After Agreement To Buy Arbitron Dec 12
- Language: English
- Published: December 2012
The ratings on Nielsen Holdings N.V. and its operating subsidiaries, including The Nielsen Co. B.V., reflect Standard & Poor's Ratings Services' expectation that the company will continue to reduce leverage, although we expect its leverage will remain relatively high over the near term. The rating also reflects our expectation that the company's operating performance will remain stable, given its significant sources of recurring revenue and its strong market position. These factors and Nielsen's strong market positions in its two principal businesses underpin our assessment of Nielsen's business risk profile as "satisfactory" (based on our criteria). We estimate the company's revenue will grow at a mid-single-digit percentage rate on a constant-currency basis in 2012, and that its EBITDA will grow at...
Companies mentioned in this report are: Nielsen Holdings N.V.
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Nielsen Holdings N.V.