...+ U.S. telecommunications provider Windstream Holdings Inc.'s operating performance continues to weaken as a result of ongoing competitive pressures in its consumer business and slower ramp-up of its enterprise business. + We expect weak operating trends to continue, which could heighten refinancing risk regarding its 2020 and 2021 maturities unless it is able to stabilize performance. + We are lowering the corporate credit rating on Windstream Holdings Inc. to 'B' from 'B+'. + We are also lowering the rating on wholly-owned subsidiary Windstream Services LLC's senior unsecured debt to 'B' from 'B+' and the rating on its senior secured debt to '##-' from '##'. + The negative outlook reflects continued uncertainty about performance stemming from intense competition from cable providers and low visibility into the impact of cost-cutting initiatives. Moreover, avenues to address the company's outer-year maturities could be constrained, in our view, absent meaningful improvement in operating...
