Fitch affirms Windstream

Fitch Ratings said it affirmed the following ratings of Windstream Corp.:

• Long-term issuer default rating at BB+; $1.25 million senior secured revolving credit facility due 2015 at BBB-;

• $172 million senior secured credit facility, tranche A2 due 2013 and 2016 at BBB-; $284 million senior secured credit facility, tranche B due 2013 at BBB-;

• $1.054 billion senior secured credit facility, tranche B2 due 2015 at BBB-; and senior unsecured notes at BB+.

In addition, Fitch said it has assigned a BBB- to Windstream's $280 million senior secured credit facility, tranche A3 due 2016, and a BB+ rating for Paetec's issuer default rating and the same ratings for the $650 million of senior secured notes due 2017 and $450 million of senior unsecured notes due 2018.

The outlook is stable.

Windstream's ratings incorporate expectations for the company to generate strong operating and free cash flows and to have access to ample liquidity, the agency said.

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