S&P reviews Fibertech

Standard & Poor's said it placed its ratings on Fibertech Networks LLC, including its B+ corporate credit rating, on CreditWatch with negative implications.

"The CreditWatch placement follows the announcement that Fibertech has entered into a definitive agreement to merge with Lightower in an all-cash transaction valued at $1.9 billion," S&P credit analyst Michael Altberg said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.