S&P Switches Integra Telecom’s Outlook to Negative

For the second time this week, Standard & Poor’s Ratings Services has downgraded a competitive service provider’s outlook.

On Wednesday, S&P analysts pushed Integra Telecom’s outlook to negative, although they affirmed its corporate ratings; they previously viewed the company’s outlook as positive.

S&P said Integra will have a tough time staying compliant with its covenant requirements, especially if business slows down because of the economy. Integra had $1.2 billion of total funded debt outstanding as of Sept. 20.

A day previously, S&P downgraded Level 3 Communications Inc..

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