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Broadview Networks Holdings Inc. Outlook Revised To Negative On Continued Weak Business Trends
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
U.S. CLEC Broadview Networks Holdings Inc. experienced revenue and EBITDA declines of 10.7% and 8.6%, respectively, in 2010. The company continues to face competitive challenges from larger incumbent telecom carriers, as well as the adverse effects of the weak economy on its customer base. As a result, Standard & Poor's believes there is a risk of a further EBITDA decline in 2011 and minimal operating free cash flow generation. We are affirming our 'B' corporate credit rating on the company. We are revising the outlook on the company's 'B' corporate credit rating to negative from stable, indicating that there is a one-third or greater chance of a downgrade in the next year. NEW YORK (Standard & Poor's) May 3, 2011--Standard...
Companies mentioned in this report are: Broadview Networks Holdings Inc.
Action: Affirmed
Action: Outlook: Negative
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