Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fitch Ratings Affirms Frontier Communications' IDR At 'BB+'

Fitch Ratings said that it has affirmed Frontier Communications Corp.'s (FTR: Quote) Issuer Default Rating or IDR at 'BB+'; Senior unsecured $750 million revolving credit facility due 2014 at 'BB+'; Senior unsecured notes and debentures at 'BB+'. The Rating Outlook is Stable.

Fitch Ratings noted that it affirmed Frontier North Inc's IDR at 'BB+'; $200 million unsecured notes due 2028 at 'BBB-'.

Click here to receive FREE breaking news email alerts for Frontier Communications Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.