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CBB |
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In early January, the Executive Committee of CBB approved activation of a $1 million issues-management crisis fund to pay for additional BSE-related programs. Fitch's rating of CBB reflects the relative stability and lower level of business risk associated with the company's integrated position in the local exchange and wireless businesses and the company's ability to generate strong levels of free cash flow as measured by free cash flow margin (free cash flow as a percentage of revenues). Fitch's rating of CBB reflects the relative stability and lower level of business risk associated with the company's integrated position in the local exchange and wireless businesses and the company's ability to generate strong levels of free cash flow as measured by free cash flow margin (free cash flow as a percentage of revenues). |
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