Fitch revises American Tower view to stable

Fitch Ratings said it affirmed the long-term issuer default rating and senior unsecured debt of American Tower Corp. at BBB+ and revised the outlook to stable from negative.

The outlook revision reflects Fitch's expectation that American Tower is on track to delever and sustain net leverage below 5.5x, S&P’s threshold for negative leverage sensitivity, during the rating horizon.

“AMT's ratings are supported by the company's leading scale as a global tower operator, high EBITDA margins and high recurring contractual revenue associated with tower business model, and Fitch's expectation of net leverage maintained near 5.0x over our rating horizon,” Fitch said in a news release.

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