Moody's downgrades Windstream's PDR to D-PD from Caa3-PD; Ratings to be withdrawn
Rating Action: Moody's downgrades Windstream's PDR to D-PD from Caa3-PD; Ratings to be withdrawn. Global Credit Research- 26 Feb 2019. New York, February 26, 2019-- Moody's Investors Service downgraded Windstream Services, LLC's probability of default rating to D-PD from Caa3-PD following the announcement that the company filed a petition for relief under Chapter 11 of the US Bankruptcy Code on February 25, 2019. Windstream's corporate family rating was affirmed at Caa3, its...Windstream Holdings is a holding company. Through its subsidiaries, the company is a provider of network communications and technology solutions for businesses across the U.S. The company also provides broadband, entertainment and security solutions to consumers and small businesses primarily in rural areas. The company's consumer & small business segment provides local and long-distance voice services and high-speed Internet services. The company's enterprise segment provides integrated voice and data services, which deliver voice and broadband services over a single Internet connection. The company's wholesale operations are focused on providing network bandwidth to other telecommunications carriers and content providers.
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