S&P affirms Xplornet

S&P said it affirmed its B- long-term issuer credit rating on Xplornet Communications Inc. and revised its assessment of XCI's liquidity to adequate from less than adequate. The outlook is stable.

“We revised our liquidity assessment on the company based on our view that XCI's expected sources-to-uses of liquidity over the next 12 months will be about 1.6x,” S&P said in a news release.

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