American Tower (AMT) currently holds a BBB+ credit rating, indicating improved debt management with a net leverage ratio of 4.9 times, although it falls short of an A rating. Despite high total debt at $37 billion, the company demonstrates strong cash flow with an adjusted EBITDA exceeding $7.2 billion annually. Legal disputes with AT&T Mexico and DISH, along with the need to balance growth spending and debt reduction, are key factors influencing future credit rating upgrades.
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American Tower Credit Rating Analysis
American Tower (AMT) currently holds a BBB+ credit rating, indicating improved debt management with a net leverage ratio of 4.9 times, although it falls short of an A rating. Despite high total debt at $37 billion, the company demonstrates strong cash flow with an adjusted EBITDA exceeding $7.2 billion annually. Legal disputes with AT&T Mexico and DISH, along with the need to balance growth spending and debt reduction, are key factors influencing future credit rating upgrades.