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Prospect News home > News index > List of issuers E > Headlines for Embarq Corp. > News item
Published on 10/4/2022 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch downgrades Embarq

Fitch Ratings said it downgraded Embarq Corp.'s long-term issuer default rating to B- from BB and its senior unsecured debt to CCC/RR6 from BB/RR4 following the completion of the acquisition by Connect Holding LLC and its subsidiary, Connect Holding II LLC ( Brightspeed) of certain assets from Lumen Technologies, including Embarq.

The agency also removed the issuer rating from negative watch and assigned a stable outlook.


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