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U.S. Telecom And Cable Near-Term Debt Maturities Are Both Modest And Manageable Jun 10 Product Image

U.S. Telecom And Cable Near-Term Debt Maturities Are Both Modest And Manageable Jun 10

  • ID: 2084056
  • June 2010
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • AT&T Inc.
  • CenturyLink Inc.
  • Comcast Corp.
  • Cox Enterprises Inc.
  • Deutsche Telekom AG
  • DIRECTV
  • MORE

Abstract
The U.S. telecom, cable, and satellite industries have been quite active in the debt markets since the beginning of 2009, issuing nearly $90 billion in new debt. As a result, companies have refinanced most of their near-term debt maturities and have pushed the first significant debt maturity tower out to 2014 and beyond. In general, the 70-odd companies Standard & Poor's Ratings Services rates have manageable maturity profiles over the next two years (2010 and 2011), barring any unexpected changes in credit market conditions during this period. Maturities approximately double for speculative-grade issuers in the following two years and then double again in 2014. Overall, we estimate total debt outstanding for the rated companies within the U.S. telecom/cable/satellite industries to...

Companies mentioned in this report are:
- CenturyLink Inc.
- Frontier Communications Corp.
- Comcast Corp.
- Sprint Communications Inc.
- Cox Enterprises Inc.
- AT&T Inc.
- DIRECTV
- Deutsche Telekom AG
- Qwest Communications International Inc.
- Leap Wireless International Inc.
- Verizon Communications Inc.
- SBA Communications Corp.
- READ MORE >

- CenturyLink Inc.
- Frontier Communications Corp.
- Comcast Corp.
- Sprint Communications Inc.
- Cox Enterprises Inc.
- AT&T Inc.
- DIRECTV
- Deutsche Telekom AG
- Qwest Communications International Inc.
- Leap Wireless International Inc.
- Verizon Communications Inc.
- SBA Communications Corp.
- Iowa Telecommunications Services Inc.
- T-Mobile US Inc.
- Windstream Corp.

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