Financial ratings agency Standard & Poor’s (S&P) has looked again at Arqiva’s financing elements. S&P examined Arqiva Financing and Arqiva PP Financing and S&P has ranked Arqiva’s debt as BBB+. S&P itemises Arqiva’s weaknesses and mitigating factors, as:· “Limited geographic diversification, with operations principally focused on the UK market.” We consider this as a principal risk to Arqiva’s business model, although we acknowledge that high-speed fixed broadband uptake is not uniform across sociodemographic and socioeconomic groups, or across location.” · “DCMS considering a 2034 shutdown of DTT as a possibility increases the business risks around Arqiva’s long-term earnings and cash flows.