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Research Update: Hawaiian Telcom Holdco Inc. Preliminary Ratings Withdrawn At Issuer's Request Aug 11

Standard & Poors, August 2011

Abstract
On Aug. 5, 2011, Standard & Poor's Ratings Services withdrew its preliminary ratings on Hawaiian Telcom Holdco Inc. including the preliminary 'B-' corporate credit rating, at the company's request. We also withdrew preliminary ratings on the company's aggregate $330 million of secured credit facilities. Ratings Withdrawn Hawaiian Telcom Holdco Inc. To From Corporate Credit Rating NR/-- B-(prelim)/Positive/- Hawaiian Telcom Communications Inc. Senior Secured Term loan NR B-(prelim) Recovery Rating NR 3 (prelim) First-out revolver NR B+(prelim) Recovery Rating NR 1 (prelim)...

Companies mentioned in this report are:
- Hawaiian Telcom Holdco Inc.
- Hawaiian Telcom Communications Inc.

Action: Withdrawn

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

- Hawaiian Telcom Holdco Inc.
- Hawaiian Telcom Communications Inc.

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