Fitch Goes Negative on CenturyLink Due to Level 3 Deal

Fitch Ratings thinks CenturyLink‘s (CTL) plan to acquire Level 3 Communications (LVLT) makes sense from a strategic perspective, but that didn’t stop it from putting the communications company on watch for a downgrade on Monday.

The rating change would affect about $20 billion in debt.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s