It probably will not come as a shock to most people in the industry, but Wall Street insiders are gloomy about the chances of Windstream and Frontier from staying out of bankruptcy.
According to this story Telecompetitor, the outlook is not good for the two companies, both of whom have a significant footprint in Iowa.
“The market anticipates that both these companies will go bankrupt in the not-too-distant future, judging by their sagging bond prices and nosebleed credit default swap prices,” said the researchers.
The report also questions CenturyLink's financial health, but says CenturyLink "has better prospects as a result of its recent acquisition of Level 3."
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