Ziggo’s unexpectedly strong performance over the past 18 months has prompted it to be upgraded by influential credit ratings agency Moody’s.
The agency rates almost €2 billion of debt held by the company, which is the largest MSO in the Netherlands. Moody’s said that Ziggo’s strong performance placed it in a better position to service its debt. “The upgrade reflects Ziggo’s consistent track record of operating performance over the past 18 months, translating into better revenue and EBITDA growth than originally anticipated,” it noted.
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