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Prospect News home > News index > List of issuers T > Headlines for T-Mobile USA, Inc. > News item |
Fitch shifts T-Mobile view to positive
Fitch said it revised the outlook for T-Mobile US, Inc. and T-Mobile USA Inc. to positive from stable.
The positive outlook reflects materially lower debt compared with initial expectations in 2018 resulting in pro forma core telecom leverage (adjusted debt/EBITDAR) in the mid 4x range compared with leverage approaching 5x combined with Fitch's expectations for deleveraging to less than 4x within 24 months of the merger with Sprint closing, the agency said.
Fitch also affirmed T-Mobile's proposed secured revolving credit facility, secured term loan, and senior secured notes at BBB-/RR1 and outstanding senior unsecured notes at BB+/RR3.
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