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Risk-to-Price Commentary: Frontier Communications Corp. Jun 11
Standard & Poors, June 2011
Abstract
Frontier Communications Corp. is one of the largest independent providers of diversified telecommunication services in the U.S. The Connecticut-based company offers local and long-distance telephone service, broadband internet, digital television service, and computer technical support to rural area and small and midsize towns and cities for residential and business customers in 27 states. On May 5, 2011, Frontier Communications reported first-quarter 2011 earnings of $0.06 per share, lower than the $0.33 recorded for the same quarter the prior year, but in line with the Capital IQ first-quarter estimate. The overall telecommunication services sector also recorded declining earnings over the same period, with aggregated first-quarter earnings of $1.85 per share, 3.65% weaker than first-quarter 2010, according to Capital IQ. However, Frontier...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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