ViaWest, Inc. -- Moody's assigns B2 Corporate Family Rating to ViaWest; Outlook negative

New York, June 14, 2013 -- Moody's Investors Service has assigned a B2 corporate family rating ("CFR") and B3-PD probability of default rating ("PDR") to ViaWest, Inc. ("ViaWest" or "the company"), a subsidiary of RNB Communications, Inc. As part of the action, Moody's also assigned a B2 (LGD3-35% ) rating to the company's $326 million senior secured 1st lien term loan and $35 million senior secured revolver. The proceeds from the $120 million add-on to the existing $206 million term loan will be used to refinance existing mezzanine debt and for general corporate purposes. The rating outlook is negative due to ViaWest's high leverage, which has remained elevated due to its history of debt-financed capital spending.

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