Moody’s reviews telecom debt
Moody’s Investors Service has placed the debt ratings of 17 wireline service providers under review, citing a worsening economy that could put pressure on companies’ cash positions.
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Among the companies under review are: Flag Telecom; ITC DeltaCom; Allegiance Telecom; McLeodUSA; Level 3 Communications; Williams Communications; XO Communications and Focal Communications.
Moody’s also changed the outlook for five companies to “negative,” including Broadwing and Time Warner Telecom.
--Toby Weber, staff writer
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© 2012 Penton Media Inc.
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