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S&P could lower ViaWest
S&P said it placed the B+ corporate credit rating on ViaWest Inc. on CreditWatch with negative implications.
The agency did not place the issue-level ratings on CreditWatch because it expects the existing debt will be repaid when the transaction closes.
"The CreditWatch placement reflects the likelihood of a one-notch downgrade following ViaWest's agreement to be acquired by Peak 10," S&P credit analyst Rose Askinazi said in a news release.
If the transaction closes, S&P said it expects to remove the notch of support it imputes from higher-rated parent Shaw Communications Inc. (BBB-/negative/--).
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