Fitch assigns Uniti a positive outlook

Fitch Ratings said it assigned positive outlooks to Uniti Group, Inc. and Uniti Fiber Holdings and removed them from rating watch negative. The agency also affirmed the long-term issuer default ratings and security ratings of Uniti Group and Uniti Fiber at CCC.

Uniti Group LP's term loan B rating was affirmed and withdrawn as the debt was repaid with the issuance of $2.25 billion of senior secured notes due 2025.

The positive outlook reflects the agreement in principle reached by Uniti, Windstream Holdings, Inc. and major creditor groups on March 2, to resolve claims asserted by Windstream against Uniti. Litigation between the two companies will be stayed as they negotiate and prepare final documentation to implement the settlement. A court hearing in the case is scheduled for April 3, and the agreement could be approved at that time, Fitch said.

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