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Fitch affirms Qwest
Fitch Ratings said it affirmed Qwest Communications International, Inc. and its subsidiary Qwest Corp.'s issuer default rating at BB.
The outlook remains stable.
Ratings reflect the scope, scale and relatively consistent cash flow generated by the company's local exchange business and the positive trends of Qwest's enterprise segment, the agency said.
Ratings also reflect Qwest's financial flexibility, solid liquidity position and expectation of continued free cash flow generation, Fitch said.
Leverage as of the 12-month period ended Sept. 30 was 3.1 times.
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