Neustar Credit Rating Drops After Draft LNPA Order; FCC to Vote March 26
The draft FCC order under circulation authorizing negotiation of a local number portability administrator contract with Telcordia (see 1503040053) led to Standard & Poor’s lowering current LNPA Neustar’s credit rating, the ratings service said in a news release Thursday. Neustar’s…
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corporate credit rating was dropped from BB to BB-, the release said. Neustar announced its current LNPA contract with the Canadian Local Number Portability Consortium was extended a year to Dec. 31, 2017. S&P’s downgrade “reflects our view that the likelihood that Neustar will retain the LNPA contract has diminished," said S&P credit analyst Christopher Thompson, in the S&P release. Neustar declined comment. The draft FCC order was placed Friday on the tentative agenda for the commission’s March 26 meeting (see 1503060068).