United States

Frontier Communications Corp (FTR.O)

FTR.O on Nasdaq

23 Feb 2017
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$0.04 (+1.19%)
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Wed, Feb 22 2017

Fitch Downgrades Frontier Communications' to 'BB-'; Maintains Negative Outlook

(The following statement was released by the rating agency) CHICAGO, February 22 (Fitch) Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Frontier Communications Corp. (Frontier, NYSE: FTR) and its subsidiaries to 'BB-' from 'BB'. The Rating Outlook remains Negative. Additionally, Fitch has affirmed the first mortgage bonds at Frontier Southwest Inc. and has revised the long-term issue ratings of Frontier and other subsidiaries as listed at the end of this release. KEY RATING

BRIEF-Sinclair Broadcast Group and Frontier Communications reach agreement

* Sinclair Broadcast Group And Frontier Communications Reach Agreement

BRIEF-Frontier Communications reports 2016 third quarter results

* Frontier Communications Corp- Outlook for 2017 adjusted EBITDA reaffirmed

BRIEF-Frontier Communications enters into credit agreement

* Frontier Communications Corp - on October 12, 2016, entered into a credit agreement for a $315 million senior secured term loan facility - SEC filing

BRIEF-Frontier Communications sees adjusted EBITDA of about $1 bln for Q3 2016

* Frontier Communications Corp - Sees adjusted EBITDA of approximately $1 billion for Q3 OF 2016 - SEC Filing

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