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Article: Fitch Places Verizon on Watch Negative; Alltel on Watch Positive on Proposed Merger.
- Article from:
- Business Wire
- Article date:
- June 5, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has placed the Issuer Default Rating (IDR) and outstanding debt ratings of Verizon Communications, Inc. (Verizon) ratings and subsidiaries on Rating Watch Negative as follows:
--Long-term IDR 'A+';
--Senior unsecured debt 'A+';
--$6 billion bank facility 'A+'.
Fitch has also affirmed Verizon's short-term ratings:
--Short-term IDR 'F1';
--Commercial paper (CP) 'F1'.