VILNIUS - The ratings on Lithuania-headquartered mobile telecommunications operator Bite Lietuva (Bite) reflect Standard & Poor’s Ratings Services’ assessment as having a “highly leveraged” financial risk profile and a “vulnerable” business risk profile, reports Bloomberg. They also reflect the expectation that Bite will maintain “adequate” liquidity over the next two years, thanks to positive free operating cash flow (FOCF) generation and minimal short-term debt maturities in 2012 and 2013.The ratings also incorporate further stre...
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