S&P ups Alaska Communications view to stable

Standard & Poor's said it affirmed its B+ corporate credit rating on Alaska Communications Systems Group Inc. and revised the outlook to stable from negative.

"The outlook revision reflects our view that debt to EBITDA including our adjustments will remain between 4x and 5x over the next few years, given stable cash flows from anticipated AWN distributions through mid-2017, which we include in our EBITDA and free operating cash flow calculations," said S&P credit analyst Michael Weinstein in a news release.

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