Moody’s upgrades Lumen Technologies’ corporate family rating to B2

Reuters02-23 19:55
Moody’s upgrades <a href="https://laohu8.com/S/LUMN">Lumen Technologies</a>’ corporate family rating to B2

Lumen Technologies Inc. said Fitch Ratings upgraded its long-term issuer default rating to B from CCC+, Moody’s upgraded its corporate family rating to B2 from B3 with a stable outlook, and S&P Global raised its senior unsecured debt rating to B from CCC while affirming its issuer credit rating at B-. The company said the agencies cited debt reduction, lower leverage, extended debt maturities and improved liquidity following the sale of its Mass Markets fiber business to AT&T.

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