Moody's reviews Uniti for upgrade

Moody's Investors Service said it placed all its ratings for Uniti Group Inc. on review for upgrade and revised the outlook to ratings under review from negative.

“The review for upgrade reflects the June 2020 court-approved bankruptcy plan of Windstream Services, LLC (Windstream, WR), Uniti's largest tenant and main source of revenue. Windstream is expected to exit bankruptcy in late August or September 2020 with about a $4 billion reduction in funded debt, significantly lower interest expense and renegotiated master lease agreements with Uniti that will benefit both companies,” Moody’s said in a press release.

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