New York, October 01, 2015 -- Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) and a B3-PD probability of default rating (PDR) to GTT Communications, Inc. ("GTT" or "the company"). Moody's has also assigned a B2 (LGD3) rating to the company's proposed $450 million senior secured 1st lien credit facility which consists of a $400 million term loan due 2022 and a $50 million revolver due 2020. The proceeds from the new term loan will be used to refinance existing indebtedness and fund the acquisition of One Source Networks, Inc. ("OSN"), a leading provider of managed communication services based in Austin, TX. The ratings are contingent upon Moody's review of final documentation and no material change in the terms and conditions of the debt as advised to Moody's. The outlook is stable.

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