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Prospect News home > News index > List of issuers Q > Headlines for Qwest Communications International Inc. > News item |
Fitch maintains positive watch on Qwest
Fitch Ratings said it is maintaining the Rating Watch positive on the BB issuer default ratings of Qwest Communications International, Inc. and its subsidiaries.
Fitch also said it affirmed the BBB- issue rating assigned to Qwest's $1.035 billion senior secured credit facility and the senior unsecured debt issued by Qwest Corp.
Qwest and CenturyLink, Inc. have a pending agreement to merge in an all stock transaction. Fitch said it expects to finalize CenturyLink's and Qwest's ratings following the receipt of its final regulatory approvals and prior to the close of the merger, which is anticipated for the first half of 2011.
Fitch also 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.
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