Fitch may up Qwest

Fitch Ratings said it maintaining the Rating Watch positive on the BB issuer default rating assigned to Qwest Communications International, Inc. and its subsidiaries.

Fitch also said it affirmed the BBB- rating assigned to Qwest's $1.04 billion senior secured credit facility and the senior unsecured debt issued by Qwest Corp.

Fitch said it will take into account expectations for the merged company's future financial performance and the underlying operating environment as it affects the company's wireline-based business and the extent to which secular pressure on voice service revenues can be mitigated by proposed synergies, productivity improvements and revenue from growth areas.

Additional factors in evaluating the merger include the integration costs incorporated into the transaction and the outcome of the regulatory approval process, the agency said.

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