Moody’s views Crown Castle positively

Moody’s Investors Service said it changed the outlook for Crown Castle Inc. to positive from stable and affirmed its Baa3 senior unsecured debt rating.

In a press release, the agency said it anticipates Crown Castle’s “cash flow growth from its small cell business will accelerate as small cells are an important tool that will help wireless carriers expand the capacity of their networks, particularly with the rollout of 5G architecture. Crown Castle's credit profile also benefits from strong fixed charge coverage, modest secured debt levels and good liquidity.”

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