Dish DBS Corporation -- Moody's says DISH Network's win in FCC's AWS-3 wireless spectrum auction may negatively impact its credit ratings

New York, February 02, 2015 -- Moody's Investors Service said that DISH Network Corporation's ("DISH") (Ba3 CFR, negative outlook) recent significant win of wireless broadband frequencies in the AWS-3 auction conducted by the Federal Communications Commission (FCC) may negatively impact it's DISH DBS Corporation ("DISH DBS") subsidiary's Ba3 Corporate Family rating (CFR) and SGL-1 speculative grade liquidity rating. The impact on the company's ratings will depend upon the amount of DISH's obligation, how it is financed and if there is any support that will be needed going forward from DISH DBS to fund or service any additional debt for spectrum assets that bondholders may have no direct asset recourse to as part of the DISH DBS credit.

Vollständigen Artikel bei Moodys lesen