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Published on 11/23/2009 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: One Communications still on watch

Standard & Poor's said that its B corporate credit rating on One Communications Corp., along with all related issue-level ratings, remains on CreditWatch with negative implications.

S&P said that for the period ended Sept. 30, One Communications was not in compliance with its total leverage covenant.


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