Business Services Industry
Fitch IBCA Issues Report on Crown Castle International Corp
Business Wire, August 12, 1999
NEW YORK--(BUSINESS WIRE)--Aug. 12, 1999--
Fitch IBCA, the international rating agency, has issued a research report on Crown Castle International Corp. (CCIC). CCIC is the leading owner and operator of tower sites and broadcast transmission infrastructure in the U.S. and U.K.
The report discusses CCIC's strengths, such as its established tower footprints, strong and existing anchor tenant relationships, significant lease-up potential, and attractive industry growth trends. The report also discusses the rating agency's concerns, such as CCIC's high leverage projected over the short term, its ability to integrate acquisitions, high capital expenditure requirements, and revenue concentration.
For a copy of the report, published today, see Fitch IBCA's web site at 'www.fitchibca.com' or contact Market Services at 1-212-908-0500 in New York.
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