Fitch downgrades DirecTV debt
Fitch Ratings has examined the long-term debt for pay-TV broadcaster DirecTV. The downgrade is modest (at BB from BB+) but the result could make further borrowing slightly more costly. DirecTV is owned by AT&T and TPG (the former Texas Pacific Group). Fitch says: “The downgrade reflects secular pressures resulting in increased uncertainty around industry valuations. […]








