Moody's rates Gabriel Communications loan B2

Moody's Investors Service said it assigned a B2 rating for the proposed $10 million five-year senior secured revolving credit facility and $80 million six-year term loan at Gabriel Communications Finance Co., a wholly owned subsidiary of NuVox, Inc.

The outlook is stable.

The agency said the B2 corporate family rating reflects NuVox's challenging position as a competitive local exchange carrier, serving a footprint predominantly overlapping BellSouth and, to a lesser extent, AT&T territories.

The ratings broadly reflect NuVox's substantial business risk, relatively moderate size, an unsettled regulatory environment and the potential for acquisitions, Moody's noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.