Qwest Shares Fall on Credit Rating Warning
Associated Press
Shares of Qwest Communications International Inc. fell 10% as Moody’s Investors Service indicated it might downgrade the telecommunications company’s credit rating. Separately, the Wall Street Journal reported that part of the Internet network for KPNQwest, Qwest’s bankrupt European investment, had been shut down. Company representatives could not confirm the report.
Qwest fell 23 cents to $1.70 on the NYSE.
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