tw telecom's Q2 2011 performance drives up its S&P rating

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 Services, which upgraded the competitive carrier's junk-level credit ratings a notch.

During Q2 2011, tw telecom's revenue rose 6.8 percent, up from the $316.8 million reported in Q2 2010, representing a year-over-year increase of $21.6 million.

S&P has rated the CLEC at double-B-minus, three notches into junk territory. It also raised tw telecom's business risk profile risk profile from weak to fair. 

The credit rating company said its outlook on tw telecom is stable due to the service provider's dedication to selling a large suite of products for businesses, including fiber-based Ethernet, to a diverse customer base.

For more:
- Total Telecom via Dow Jones has this article

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