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Fitch Affirms Connect Holding LLC's (Brightspeed's) 'B-' IDR; Outlook ... - Fitch Ratings

Fitch Ratings - Chicago - 18 Sep 2023: Fitch Ratings has affirmed the 'B-' Long-Term Issuer Default Ratings (IDR) of Connect Holding LLC, Connect Holding II LLC (d/b/a Brightspeed) and Embarq, L.L.C. The Rating Outlook is Stable. Fitch has also affirmed the 'B+'/'RR2' ratings of the senior secured term loans and the revolver of Connect Holding II LLC, and the 'CCC'/'RR6' rating of unsecured notes issued at Embarq, L.L.C. Additionally, Fitch assigned a 'B+'/'RR2'rating to the $1,865 million secured loan that was initially a bridge loan but is now expected to be a part of the permanent financing and has a maturity date of Oct 3, 2029.

fitchratings.com     Sep 18, 2023