BSkyB’s debt leverage is sufficiently low and it could triple its current debt levels and not jeopardise its investment grade status, say analysts at CreditSights Ltd.

“BSkyB’s leverage at the moment is very low, it’s comfortably within their current ratings limits,” Mary Pollock, an analyst at CreditSights, said in an interview May 13th, and reported by Bloomberg. “People think of them as being financially conservative, but their stated target is only to remain investment grade, which gives them a lot of flexibility.”

BSkyB has net debt of some £1.54 billion ($2.6 billion), and is rated at three levels above so-called ‘junk bond’ status, adds Bloomberg.  Data compiled by Bloomberg shows that its ratio of net debt to EBITDA stands at 0.97. John Malone’s Liberty Global, by comparison, is measured at 5.6.

Other posts by Chris Forrester:

1. Market reacts to SES, Intelsat rumours
2. Telesat insists all well with Lightspeed
3. ITU problems for Rivada Networks
4. EU unveils IRIS2 tender documents
5. Musk: ‘Problems with some Starlinks’
6. Busy two weeks for SpaceX
7. Virgin Orbit’s collapse
8. SpaceX: “We can boost launch capacity”
9. Kuiper: More details emerge

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