logo
Share SHARE
FONT-SIZE Plus   Neg

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

Fitch Ratings said that it has affirmed Frontier Communications Corp.'s (FTR) 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-'.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Media conglomerate Viacom, Inc. on Tuesday reported a 10 percent decline in profit for the first quarter from last year, reflecting lower revenues in the Filmed Entertainment and Media Networks segments. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates. Google chief Sundar Pichai is poised to become the highest-paid chief executive in the U.S. after parent company Alphabet awarded him $199 million in shares. Alphabet Inc. (GOOGL, GOOG) disclosed in a regulatory filing with the U. S. Securities and Exchange Commission that it awarded 273,328 shares worth $199 million to Pichai on February 3rd. Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.
comments powered by Disqus
RELATED NEWS
Trade FTR now with 
Follow RTT