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Bulletin: Primus Telecommunications Group Inc. Ratings Unaffected By Strategic Alternatives Announcement Oct 11
Standard & Poors, Oct 2011
Abstract
SAN FRANCISCO (Standard & Poor's) Oct. 6, 2011--Standard & Poor's Ratings Services said today that Primus Telecommunications Group Inc.'s announcement last Monday that it will explore and evaluate strategic alternatives to enhance shareholder value does not immediately affect ratings, including the 'B-' corporate credit rating and stable outlook. Primus, a facilities-based provider of diversified communications services, indicated that this evaluation process could lead to a number of potential actions including recapitalization, sale or spin-off of assets, mergers, or other business combinations. The outcome could also include no changes to its current business plans. The timeframe for completion of exploration of strategic alternatives is indeterminate. We will comment on potential ratings impact of Primus' initiative to enhance shareholder value, if any,...
Companies mentioned in this report are: Primus Telecommunications Group Inc.
Action: Bulletin
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.
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