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S&P ups Time Warner Telecom outlook to stable
Standard & Poor's said it revised the outlook on Time Warner Telecom Inc. to stable from negative.
At the same time, the agency said it affirmed its ratings on the company, including the B corporate credit rating.
The change in outlook reflects S&P's assessment that the company's net free cash flow will be nearly break-even by year-end, based on its performance since the acquisition of CLEC Xspedius Communications Inc. in late 2006.
The ratings on Time Warner Telecom reflect the risks of competing with larger and stronger incumbents in an industry subject to increasing price competition, according to the agency.
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