E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/18/2008 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

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.


© 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.