Fitch Downgrades Frontier Communications' IDR to 'BB'; Outlook Revised to Stable - 4-traders (press release)

Fitch Downgrades Frontier Communications' IDR to 'BB'; Outlook Revised to Stable 4-traders (press release) The downgrade follows a review of Frontier's rating following the announcement of the definitive agreement to acquire certain wireline assets in the state of Connecticut from AT&T, Inc. for $2 billion in cash. Fitch believes the positive aspects of the ...

via Frontier Communications - Google News