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…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
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).