Moody's Investors Service ("Moody's") has today affirmed the corporate family rating (CFR) of Cable & Wireless Communications Limited ("CWC" or "the group") at Ba3. The rapid and widening spread of the coronavirus outbreak, a deteriorating global economic outlook and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets.
Moody's Investors Service, ("Moody's") has today affirmed the ratings of leading global integrated telecommunications provider Telefonica S.A. (Telefonica) and its guaranteed subsidiaries, including the Baa3 senior unsecured rating, the (P)Baa3 senior unsecured EMTN program and shelf program ratings, the Ba2 ratings on Telefonica's hybrid debt instruments, and the Prime-3 (P-3) short-term ratings. This rating action follows the announcement of the agreement between Telefonica and Liberty Global plc (Liberty, Ba3 stable) to combine their operating businesses in the UK into a 50-50 joint venture (JV) [1].
LILA, LILAK earnings call for the period ending March 31, 2020.
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Moody's Investors Service (Moody's) informs today that the Ba3 rating on Sable International Finance Limited's (SIFL) senior secured notes remains unchanged following the proposed issuance of USD350 million additional notes to its existing USD400 million 5.75% senior secured notes due September 2027. The Ba3 corporate family rating of Cable & Wireless Communications Limited (CWC), and the other debt instrument ratings within the group, also remain unchanged. CWC will use the USD350 million notes issuance proceeds, together with proceeds from its new USD1.3 billion senior secured term loan B-5 due January 2028 issued at CORAL-US CO-BORROWER LLC (Coral-US), to repay its existing USD1.64 billion term loan B-4 due January 2026 and cover transaction cost.
Liberty Latin America Ltd. ("Liberty Latin America" or the "Company") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its first quarter 2020 results on Tuesday, May 5, 2020 after NASDAQ market close. You are invited to participate in its Investor Call, which will begin the following day at 9:00 a.m. (Eastern Daylight Time) on Wednesday, May 6, 2020. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call.
Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for the three months ended March 31, 2020 ("Q1").
Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announces that it has established the COVID-19: LLA Employee Emergency Assistance Fund ("Fund") to provide direct relief to eligible employees and their families who are facing unforeseen financial distress or an emergency hardship as a result of the novel Coronavirus (COVID-19) pandemic. The Fund will be seeded with an initial contribution of more than $300,000 from the Liberty Latin America Board of Directors. Additional funds will be raised through an online giving campaign, which also kicks off today.
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Moody's Investors Service ("Moody's") has today changed the ratings outlook for DLG Acquisitions Limited ("All3Media"), the UK-based television content producer to negative from stable. At the same time, the agency has affirmed the company's B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR).
Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announces that its Board of Directors has authorized the repurchase of up to $100 million of the company’s Class A and Class C shares (the "Program") over the next two years.
In response to the Coronavirus pandemic (COVID-19), Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB), today announces that it has launched PSA (public service announcement) channels and content loops to educate audiences on the public health crisis and combat misinformation about COVID-19 across communities in the Caribbean and Latin America. LLA’s newly created channels and loops provide credible information on education and prevention programs that feature a mix of its own produced content, documentaries and relevant clips from a list of reliable sources on the COVID-19 pandemic. The channels and content loops are accessible to 2 million video subscribers* across LLA’s distribution platforms at no additional cost. In addition, LLA will offer advertising airtime on its own and third-party channels inventory for prevention information spots.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Moody's Investors Service ("Moody's") has today affirmed the corporate family rating (CFR) of Cable & Wireless Communications Limited ("CWC" or "the group") at Ba3. The rapid and widening spread of the coronavirus outbreak, a deteriorating global economic outlook and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets.
Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its subsidiary, Liberty Communications Puerto Rico ("LCPR") has successfully completed the issuance of $90 million of additional 6.75% Senior Secured Notes due 2027, through LCPR Senior Secured Financing Designated Activity Company (the "Issuer"). The transaction was executed on a Private Placement basis with a limited number of existing investors. The new notes priced at 102.5% of par, reflecting a yield to maturity of approximately 6.3%, and will increase the principal size of the Issuer's outstanding notes to $1,290 million.
Moody's Investors Service (Moody's) has today assigned a Ba3 rating to the proposed USD1.3 billion senior secured term loan due January 2028, with CORAL-US CO-BORROWER LLC (Coral-US) as borrower, which proceeds will be used to partially repay the existing USD1.64 billion term loan B-4 due January 2026 and cover transaction cost. The Ba3 corporate family rating of Cable & Wireless Communications Limited (CWC or the group), Coral-US's ultimate parent company, and the ratings of the other debt instruments within the group remain unchanged.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Vodafone Group Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has today affirmed the Ba3 corporate family rating (CFR) of Cable & Wireless Communications Limited ("CWC" or "the group"), as well as the Ba3 ratings on the group's senior secured debt and the B2 ratings on the group's senior unsecured debt, following the assumption by C&W Senior Finance Limited of the existing senior unsecured notes due 2026 and 2027 initially issued by C&W Senior Financing Designated Activity Company and some changes to the group's debt instruments' guarantors and collateral. All outlooks are stable.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]