S&P Maalot updates the rating forecast for Cellcom
cellcom
+0.51%
Base:1,954
opening:1,950
High:2,025
low:1,950
change:17,061,218
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Positive posture. It also confirms the rating of the company’s bond series.
According to Maalot, the rating update comes in light of the continued improvement in Cellcom’s operational and financial parameters in 2021. Maalot anticipates that in 2022 Cellcom will continue to present financial ratios befitting an even higher rating – that is, an adjusted debt-to-EBIDTA ratio of at least 3x-3.5x and higher profitability than -20% This, in view of Maalot’s assessment that Cellcom will present an organic growth of 2-3% in revenues and maintain the existing profitability at least, without an increase in the scope of the adjusted debt.
The Maalot company states that the change in the rating forecast to positive is mainly due to the improvement that began in 2021 in the operational and financial parameters, an improvement that it estimates is sustainable despite the fierce competition in the communications sector, in all areas of its activity.
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment