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Crown Castle International Corp.
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Fitch affirms Crown Castle's ratingsfrom SNL Real Estate Daily Fitch affirms Crown Castle's ratingsByline: Maera Tezuka Fitch Ratings affirmed its BBB+ long-term issuer default rating on Crown Castle International Corp. and the communications real estate investment trust's senior unsecured notes and credit facilities ratings. The outlook is stable. The ratings action reflects the company's strong recurring cash flows from its leasing operations, strong EBITDA margins and the scale of its tower portfolio with a focus on the U.S. market. Fitch expects Crown Castle to maintain net leverage of about 5x supported by the current investment level driven by small-cell investments. |
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