S&P: Fibertech to positive

Standard & Poor's said it affirmed the B corporate credit and other ratings on Fibertech Networks LLC and revised the outlook to positive from stable.

The agency also said it revised the recovery ratings on the company's senior secured debt to 3 from 4. The 3 rating indicates 50% to 70% expected recovery in a default.

The ratings on this debt remain at B.

The outlook revision reflects the company's strong revenue and EBITDA growth through the first nine months of 2011, which exceeded expectations, S&P said, mainly due to the addition of several large tower contracts with wireless carriers.

These growth rates are considered sustainable for the next few quarters, S&P said.

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