Fitch rates DISH DBS notes BB-

Fitch Ratings said it assigned a BB- rating to DISH DBS Corp.'s issuance of 4 5/8% senior notes due 2017 and 5 7/8% senior notes due 2022.

The outlook is negative.

The agency said the negative outlook encompasses the capital and execution risks associated with DISH's wireless strategy.

Fitch said it believes the incremental capital and operating costs associated with a potential wireless network build out will diminish DISH's ability to generate free cash flow and erode operating margins resulting in a weaker credit profile and pressuring the current ratings.

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