Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Windstream Corp. > News item |
Fitch rates Windstream notes BB+
Fitch Ratings said it assigned a BB+ rating to Windstream Corp.'s proposed offering of $400 million of senior unsecured notes due 2018. Its issuer default rating is BB+.
The outlook is stable.
Proceeds will be used to reduce outstanding debt on the company's revolving credit facility and for general corporate purposes.
The ratings incorporate expectations that the company will generate strong operating and free cash flows, Fitch said, and have access to ample liquidity.
Recent acquisitions have added meaningful scale to the company, partly offsetting the effect of competition on the company's operations, which is a primary concern, the agency said.
© 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.