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Moody's revises Windstream unit's outlook on 2016 results, 2017 outlook

Moody's revised Windstream Holdings Inc. unit Windstream Services LLC's ratings outlook to negative from stable, following the company's "weak" results for 2016 and guidance for 2017.

Additionally, the rating agency said March 27 that it affirmed Windstream's B1 corporate family rating, B1-PD probability of default rating, B2 unsecured debt rating and B1 senior secured debt rating.

In February, Windstream closed its merger with Earthlink Holdings Corp. to create a company that retained the Windstream name.