Consolidated Communications’ proposed $350 million senior unsecured notes due 2020...
Consolidated Communications’ proposed $350 million senior unsecured notes due 2020 drew a B- rating from Standard & Poor’s. The credit ratings service said the rating reflects its belief that Consolidated’s acquisition of cable operator SureWest won’t materially affect the company’s…
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“weak” business risk profile. “We believe that heightened costs of aggressively marketing and provisioning video and broadband services, especially in the SureWest territories, coupled with lower Universal Service Funds and access revenue, will at least partially offset achieved operating synergies from SureWest,” Standard & Poor’s said.