|Bid||77.80 x 0|
|Ask||77.90 x 0|
|Day's Range||77.80 - 78.55|
|52 Week Range||66.90 - 95.00|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||27.63|
|Forward Dividend & Yield||4.20 (5.24%)|
|1y Target Est||93.86|
Moody's Investors Service ("Moody's"), has today changed the outlook on Virgin Media Inc. ('VMED', or 'the company') ratings to negative from stable. At the same time, Moody's has affirmed VMED's Ba3 corporate family rating (CFR) and the Ba3-PD probability of default rating (PDR). Concurrently, the ratings agency also affirmed the ratings of the senior secured debt instruments issued at Virgin Media Secured Finance plc, Virgin Media Investment Holdings Ltd, Virgin Media Bristol LLC and Virgin Media SFA Finance Limited at Ba3 and of the senior unsecured bonds issued at Virgin Media Finance plc at B2.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sunrise Communications Group AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The introduction of fifth-generation (5G) mobile technology will be credit neutral for European telecoms operators, with no major increase in investment expected over the next five years as companies adopt a 'wait and see' strategy, says Moody's Investors Service in a recently published report. Moody's report, "Telecoms -- Europe: Limited 5G revenue growth puts major investment rise on hold over next five years," is available on www.moodys.com. The rating agency's report is an update to the markets and does not constitute a rating action.