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Prospect News home > News index > List of issuers G > Headlines for Gabriel Communications Finance Co. > News item |
S&P rates Gabriel loan B-
Standard & Poor's said it assigned its B- corporate credit rating to privately owned NuVox Inc. and a B- bank loan rating to its funding conduit Gabriel Communications Finance Co.'s $160 million of secured credit facilities. A recovery rating of 5 also was assigned to the loan.
The outlook is stable.
S&P said the rating reflects the company's vulnerable business position and aggressive financial profile. NuVox's business risk is very high and it faces ongoing competitive threats from the much larger, financially stronger telephone companies.
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