New York, October 06, 2016 -- Moody's Investors Service said that Hurricane Matthew appears to be a historic storm but the financial implications for Comcast Corporation ("Comcast") are not anticipated to be material, should be easily manageable and will not impact the company's credit rating. We believe the company has just over millions of subs in Florida as well as subs on the Georgia and South Carolina coasts. However, only a portion of the Florida subs are exposed to the storm, such as over 500,000 in the West Palm Beach area among others. Also, Comcast's theme parks segment consists of Universal theme parks located in Orlando (Florida), Hollywood (California) and Osaka (Japan -51% owned by Comcast) and the segment contributes roughly 5% to the company's consolidated annual revenues, and the Orlando park is only a portion of that figure. Hurricane Matthew is expected to make landfall in Florida late Thursday night and could temporarily disrupt the company's ability to provide service at its parks and adversely impact attendance temporarily. However, since the theme parks in Orlando account for less than 5% of the company's revenues, and the storm will occur during what is considered the off-season, the negative financial impact from the loss of just a few days of operation is not expected to be significant relative to the company's overall revenues and cash flows. Additionally, we anticipate that Comcast has obtained insurance for both its cable and theme park operations and assets to mitigate risks of losses related to such events with manageable deductibles, which should reduce its exposure to losses from property damage and business interruptions. Accordingly, the expected modest negative impact from both the cable and theme parks sugments will not affect the company's A3 senior unsecured long-term debt rating or the stable outlook. Moody's will continue to monitor developments related to the hurricane and will comment further as necessary.

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