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NuVox's Credit Ratings Upgraded by Standard & Poor's
GREENVILLE, S.C., July 21 /PRNewswire/ -- NuVox, a leading communications services provider to small and medium-sized businesses in the Southeast and Midwest, announced today that Standard & Poor's Ratings Services raised the company's corporate credit rating from a 'B-' to a 'B'. , Further, Standard & Poor's raised NuVox's senior secured rating from a 'CCC+' to a 'B-'.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080207/CLTH106LOGO )
"NuVox is very pleased with the upgrade to our ratings," stated Jim Akerhielm, NuVox's Chief Executive Officer. "We are also excited about the substantial demand for NuVox's IP-based products such as VoxIP, our flagship VoIP service, and VoxNET, our MPLS-based private networking solution. In addition, we are enthused about the considerable progress we have made integrating FDN over the past year. These factors have certainly contributed to our improved EBITDA and net cash flow after capital expenditures and position NuVox for long-term success."
About NuVox:
NuVox provides managed communications and information technology solutions to small and medium-sized business customers in 16 states (Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, and Tennessee). These services are provided through an advanced Cisco-powered network, in addition to Alcatel-Lucent, Nortel, and Sylantro technology. NuVox has also been honored as a certified Cisco Powered Network. For more information, visit http://www.nuvox.com/ .
Certain statements in this release may constitute "forward-looking statements." When used in this release, words like "may," "will," "can," "should," "expect," "anticipate," "believe," "project," or "intend" and other similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and future performance, as well as our expectations, beliefs, plans, or projections, are forward-looking statements which reflect only our predictions, assumptions, and estimates regarding future events and circumstances. Actual events or results may differ substantially as a result of risks and uncertainties facing us, including those regarding the continued development of the company's business, markets for the company's services and products, continued availability and sufficiency of capital, the company's degree of financial leverage, the ability to establish and maintain relationships with incumbent local telephone companies and to secure transmission capacity, the impact of competitive services, pricing and alternative technologies, negative economic factors, regulatory requirements and uncertainties, and acquisitions and other strategic investments. The forward-looking statements are based on current expectations as of the date of these statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information, or otherwise.
Photo: http://www.newscom.com/cgi-bin/prnh/20080207/CLTH106LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com
NuVox
CONTACT: Susanne Hite of NuVox, +1-864-672-5097, hite@nuvox.com
Web site: http://www.nuvox.com/
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