Fitch Ratings upgraded Avaya's Long-Term Issuer Default Rating (IDR) to 'B-' from 'CCC+' and its first-lien term loan to 'B+' (RR2) in November 2025, driven by a stable outlook, successful post-bankruptcy financial restructuring, improved profitability, and a reduced debt burden
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I think even Enron achieved this after the collapse.
This sums it up perfectly!
"It sounds like Avaya is just a holding company who is going to survive via litigation and they will pay attorneys more than the entirety of payroll"
From
Post ID: @jp+1kjz80cvn
Avaya drove their car off a cliff, burned down their own house, and now are saying, "Hey! We cleared our debt, and our finances are more in balance!"
They will NOT recover.
C+ to a B-, ask anyone if an 1/8 of an inch even matters.
Looks like the Portugal Circle of Excellence was a success, but at what cost!? These trips are a small fortune with 4 Season Hotel type of expenses. Such a waste!!
It's an illusion. Avaya is still shrinking, it only looks healthier because they have no salaries to pay anymore.
All part of polishing a tu-d for sale.
For a moment I thought it was 1st April 😂 The terms 'Avaya' and 'Good News' is a classic oxymoron. There's never any genuine good news, but simply less bad news.
No one’s buying PBX Avaya, desk phones are like vcr’s
If this is true, congrats to leadership. Any good news is welcome
@dc Nobody but the government is buying the "tired assets" of Avaya, due to existing contracts.
The analysis is Avaya's revenue is stable, hence the rating. The analysis also stated that Avaya's revenue is shrinking. This is hardly a major success story.
It’s an independent firm. What’s the joke?
Sure. If anyone was in the market for tired client base and yesterdays technology.
And the reality is no one is buying such tired assets. It's a "logjam" of aging private equity owned company's with no buyers.
Private equity logjam hits record as firms struggle to sell - https://www.ft.com/content/2d512944-43de-4902-a51c-084737e994bb?shareType=nongift via @FT
Is this a joke?