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Fitch rates Windstream notes BB+, loan BBB-
Fitch Ratings said it has assigned an issuer default rating of BB+ to Windstream Communications.
In addition, Fitch has assigned a BBB- rating to its proposed credit facility, of which $2.4 billion is expected to be outstanding, and a BB+ rating to its proposed $2.5 billion of senior unsecured notes.
The outlook is stable.
Fitch's rating incorporates expectations for Windstream to generate strong operating cash flows and to have access to ample liquidity.
Concerns regarding Windstream include its dependence on voice service revenues, the agency said.
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