Moody's says Frontier's weak 4Q results reinforce negative outlook
New York, March 03, 2017-- Moody's Investors Service said Frontier Communications Corporation reported weak fourth quarter results earlier this week as the company experienced continued operational difficulties within its newly acquired properties. Frontier's results and forward guidance suggest the company's revenues and EBITDA will remain weak and fall below Moody's prior expectations. Frontier's leverage was 4.8 x as of 12/31/16 and may remain above the current...
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