Hispanic media giant Univision has a new carriage deal with satcaster DirecTV, and at least one Wall Street umpire – Moody’s Investors Service – says it is a very good thing.
It did not change Univision’s overall Corporate Family Rating, which sits at B3, and its stable status, which is compromised by concerns about high leverage.
But the deal, says Moody’s, is “…credit positive for Univision by further expanding distribution for Univision’s new sports, telenovelas and news cable networks and extending its long-term contractual relationship with the U.S.’s second largest MVPD.”
In securing this deal, Univision has creating “onging operating operating momentum and maturity extensions,” which are expected have a positive effect on its credit profile. And that could lead to a ratings upgrade.
