NEW YORK — Ratings trends across 2023 are likely to skew negative across the U.S. telecom and cable sector. But, S&P Global Ratings believes actions will be concentrated among the lower-rated issuers with “limited scale and pricing power,” where weaker macroeconomic conditions and rising interest rates will
have the greatest impact.
“We believe the industry is well-positioned to withstand current inflationary
pressures and a shallow recession in 2023 since consumers will continue to
prioritize connectivity and issuers have been able to pass on higher costs to
customers,” said credit analyst Allyn Arden.
