RCR Wireless News, January 22nd, 2001
New York--Debt downgrades for telecommunications carriers last year outnumbered upgrades by a two-to-one margin, setting the stage for increased pressure on ratings this year, analysts for Standard & Poor's Corp. said.
The freewheeling initial public offering market of the late 1990s gave new players unrealistic expectations of unlimited future capital raising opportunities, Richard Siderman said during the S & P teleconference Jan. 17. Consequently, start-up service providers, particularly competitive local exchange carriers, began executing their business plans before they were fully fund...
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