New York, March 10, 2015 -- Moody's Investors Service ("Moody's") downgraded NTELOS Inc.'s ("NTELOS" or "the company") Corporate Family Rating ("CFR") to B2 from B1 based on our expectation that leverage (Moody's adjusted) will remain elevated for quite some time due to the challenges associated with being a small regional operator in an industry dominated by the large national operators that are in the thick of a pricing war. Additionally, the winding down of NTELOS's Eastern Markets contribute to NTELOS's revenues and earnings remaining heavily dependent on Sprint Corporation (B1 CFR, negative outlook), its primary wholesale customer which is struggling to grow its postpaid phone subscriber base. Consequently, Moody's lowered the Speculative Grade Liquidity Rating to SGL-2 from SGL-1. The rating outlook for NTELOS is negative.

Vollständigen Artikel bei Moodys lesen