Poland's TVN raised to 'Ba2' on still strong opg performance - Moody's

MUMBAI (Thomson Financial) - Moody's Investors Service upgraded the corporate family rating of TVN SA to 'Ba2' from 'Ba3', citing the Polish broadcaster's continued strong operational performance since the upgrade in Oct 2006.

The outlook on the ratings is stable.

The agency added the ratings reflect TVN's leading market position and growth potential, but also factor in the highly competitive environment it operates in.

It also noted that further upward pressure is limited at this stage in part because it does not expect significant further deleveraging.

Source:forbes.com