Standard & Poors

 

S&P Bullish on Integra, Sour on One Communications

Standard & Poor’s Ratings Services has its eye on the CLEC market this week, improving its view of one West Coast provider and downgrading its opinion of an East Coast counterpart. First, the positive news. S&P raised Integra Telecom’s corporate credit rating after the Portland-based CLEC raised $785 million in debt financing – $15 million […]

Moodys Takes Issue With S&P View of GENBAND-Nortel

Oh, what a dangerous web competing ratings services can weave, raising the question, “Who’s right?” Well, perhaps it’s best to draw one’s own conclusion. In the meantime, Moody’s Investors Service has issued its own opinion of GENBAND’s purchase of Nortel Networks’ carrier VoIP group – this after Standard & Poor’s draped GENDBAND with a negative […]

Nortel Has S&P Ratings Withdrawn

Standard & Poor’s Ratings Services today said it withdrew its ratings, including its ‘D’ long-term corporate credit rating, on telecommunications equipment manufacturer Nortel Networks Ltd. (NNL) and its related entities at the company’s request. On Jan. 14, 2009 – the day Nortel’s bankruptcy was announced – S&P lowered its long-term corporate credit rating on NNL […]

S&P Slaps Integra Telecom for a Second Time

We’re feeling some sympathy for CLEC Integra Telecom, which once again is facing some pretty harsh downgrades from ratings firm Standard & Poor’s. S&P lowered Integra’s corporate credit and issue-level ratings by two levels on Tuesday, citing the bad economy, an uncertain regulatory environment and, most of all, Integra’s $1.2 billion of total funded debt […]

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