Fitch: Cincinnati Bell on evolving watch

Fitch Ratings said it placed Cincinnati Bell Inc.'s B issuer default rating on rating watch evolving following the announcement that the company will explore options for its data center business.

Following the close of the market on Feb. 9, Cincinnati Bell announced that the board of directors has authorized management to evaluate alternatives for its data center business, the agency said.

As stated in its release, the company will consider options including doing nothing and maintain the present structure; a partial separation through a sale, IPO or other transaction - or depending on the value to the shareholders, a full separation, Fitch noted.

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