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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.
Even during challenging economic times, tw telecom ( Nasdaq: TWTC ) reported revenue rose 6.8 percent in the second quarter of 2011, a factor that's been recognized by Standard & Poor's Ratings
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