Moody’s cuts Windstream Services PDR

Moody’s Investors Service said it downgraded Windstream Services, LLC's probability of default rating to D-PD from Caa3-PD following the announcement that the company filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code on Feb. 25.

Windstream's corporate family rating was affirmed at Caa3, its first-lien secured rating was affirmed at Caa3, its second-lien secured rating was affirmed at Ca and its unsecured rating was downgraded to C from Ca.

Moody's said it will withdraw the ratings due to Windstream's bankruptcy filing.

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