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Credit agency raises red flag about Frontier

June 27, 2019 - Moody's Investors Service said Frontier Communications (Nasdaq: FTR) may not have the financial ability to continue to adequately invest in network modernization and remain competitive. The credit agency also cited concerns about Frontier's ability to address "existing and sizable debt maturities in 2022 and beyond." Frontier, a communications firm, is one of the larger internet service providers in the Tampa Bay area. Moody's downgraded the corporate family rating of Frontier to Caa1, a non-investment grade rating that indicates substantial risks.

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