S&P rates MetroNet loan B

S&P said it assigned a B rating with a recovery rating of 2 to MetroNet Holdings LLC’s proposed secured first-lien credit facilities

The agency also assigned a CCC issue-level rating and 6 recovery rating to the second-lien to reflect expectations for minimal recovery.

S&P assigned a B- rating to the company that plans to refinance its debt and fund investment in newer markets.

The outlook is stable.

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