American Tower Corp at Moffettnathanson Media, Internet & Communications Conference Transcript
I spent several years strengthening the companies, improving the balance sheet strength, reducing the interest rate risk by reducing our exposure to floating rate debt. And in the last couple of years, we've had two notch upgrades on our credit rating. We're up to BBB+. That's a pretty strong investment grade balance sheet, certainly the strongest amongst all of the.
Of the tower companies. We've also paired that strength with improvements in the quality of our earnings and the mix of our cash flow. So you've all heard us talk about the fact that we are focused on increasing exposure within our cash flows from the highest quality economies in the world of developed markets. And at the same time, reducing our exposure and our cash flows from. Emerging markets. some of the places where you see more volatility, where we've experienced more volatility. We've made great progress.
Along those lines. And we have our exposure to emerging markets now down below 25%, moving to 20%. And we will
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