# Cogent Communications Shares Fall 10% on Debt Refinancing Concerns and S&P Downgrade

- URL: https://stocks.freetheai.org/news/cogent-communications-shares-fall-10-on-debt-refinancing-concerns-and-s-p-02e8fc
- Published: 2026-10-16T15:04:54Z
- Category: company_news; sentiment: bearish; impact: high
- Symbols: [NASDAQ:CCOI](https://stocks.freetheai.org/symbols/NASDAQ-CCOI)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Shares of Cogent Communications Holdings Inc (NASDAQ:CCOI) sank 10.66% to 7.46 USD following reports that the internet service provider brought on advisory firm Evercore to work alongside law firm Latham & Watkins. The move comes as the company faces risks surrounding the refinancing of its notes due in 2027.

Compounding the pressure, S&P Global Ratings downgraded Cogent into its lowest credit rating tier, cutting the stock rating to CCC+ from B-. The rating agency pointed to the company's failure to refinance unsecured debt that was originally expected to be addressed by last month.

Investors will get clearer visibility into the company's operational performance and balance sheet health when Cogent reports its third-quarter financial results on Nov. 5.

## Key points

- Cogent Communications Holdings Inc (NASDAQ:CCOI) shares fell 10.66% to 7.46 USD.
- The company hired Evercore alongside law firm Latham & Watkins to address refinancing risks on notes due in 2027.
- S&P Global Ratings downgraded Cogent to CCC+ from B- after it missed an expected deadline to refinance unsecured debt.
- Cogent is scheduled to release its third-quarter earnings on Nov. 5.

## Questions and answers

### Why did Cogent Communications stock fall?

Cogent Communications stock fell over 10% due to concerns over refinancing notes due in 2027 and a credit rating downgrade to CCC+ by S&P Global Ratings.

### What is Cogent Communications' new credit rating?

S&P Global Ratings cut Cogent Communications to CCC+, putting it in the lowest credit-rating tier after the company failed to refinance unsecured debt by last month.

### When is Cogent Communications reporting its next earnings?

Cogent Communications is set to report its third-quarter financial results on Nov. 5.