We Are Placing Windstream Holdings Under Review - Morningstar Credit Research

We Are Placing Windstream Holdings Under Review

We Are Placing Windstream Holdings Under Review - Morningstar Credit Research
We Are Placing Windstream Holdings Under Review
Published Dec 29, 2016
13 pages — Published Dec 29, 2016
Price US$ 350.00  |  Buy this Report Now

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Brief Excerpt:

...Morningstar Credit Ratings B- corporate credit rating of Windstream Holdings is under review positive following its announcement of plans to acquire EarthLink Holdings (not rated). At present, we believe the merger may result in an improvement in the combined Solvency Score, resulting from EarthLink s lower financial leverage and higher historical returns on invested capital compared with Windstream. However, we do not anticipate a change in our Business Risk pillar, which currently sits just above the midpoint of our ranking scale. The merger appears to enhance Windstream s market share in small and midsize enterprise services, as well as increasing its access to fiber network capacity. However, we believe the company s business lines will continue to face intense competition from larger telecommunication service providers and cable operators, reducing its ability to control price and setting a higher bar for capital spending for network growth and improvements. Like other legacy phone...

  
Source:
Document ID
0C000009GQ_20161229_CREDIT
Ticker
WIN=US
Primary ISIN
US97382A2006
Primary Sedol
BWSW5J5
Format:
PDF Adobe Acrobat
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MLA:
Morningstar Credit Research. "We Are Placing Windstream Holdings Under Review" Dec 29, 2016. Alacra Store. Sep 22, 2019. <http://www.alacrastore.com/storecontent/Morningstar-Credit-Research/We-Are-Placing-Windstream-Holdings-Under-Review-2137-33804>
  
APA:
Morningstar Credit Research. (2016). We Are Placing Windstream Holdings Under Review Dec 29, 2016. New York, NY: Alacra Store. Retrieved Sep 22, 2019 from <http://www.alacrastore.com/storecontent/Morningstar-Credit-Research/We-Are-Placing-Windstream-Holdings-Under-Review-2137-33804>
  
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