LTS Buyer LLC -- Moody's places LTS Group Holdings B2 ratings on review for downgrade

New York, April 29, 2015 -- Moody's Investors Service ("Moody's") placed the ratings for LTS Group Holdings LLC ("LTS" or the "company"), including its B2 Corporate Family Rating ("CFR"), on review for downgrade following the company's announcement that it plans to merge with Fibertech Networks in an all-cash transaction for approximately $1.9 billion. The transaction will be funded through a combination of equity and debt, amounts of which are currently not disclosed. The review for downgrade is based upon Moody's expectation that the transaction will be largely debt-financed and will increase leverage beyond the limits of the company's current B2 CFR. The transaction is expected to close in the third quarter of 2015 and Moody's anticipates concluding the review within that timeframe.

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