Debt Repayment

The ongoing competitive effect of cable telephony and wireless substitution has driven Standard & Poor's Ratings Services to cut Frontier Communications' rating for corporate credit and senior unsecured debt to double-B-minus, three levels below investment grade.

Qwest Communications is tightening ship to either acquire new assets or sell off existing ones, according to Ovum. Last week the company closed down a number of call centers and restructured its

FairPoint Communications has withdrawn its request for a three-month delay on an $11.25 million debt payment, a request that had increased criticism of the company at the same time that complaints