S&P changes Verizon view to stable

Standard & Poor's said it revised its outlook on Verizon Communications Inc. to stable from positive and affirmed the BBB+ corporate credit rating.

"The outlook revision reflects our revised expectation that Verizon's fully adjusted debt to EBITDA will remain above our 2.75x threshold for an upgrade through 2016, and that the company will not achieve this target until 2017, at the earliest," S&P credit analyst Michael Altberg said in a news release.

"As a result, we now believe that an upgrade is less likely over the next 12-18 months, compared with our previous expectation in August 2014, when we had revised the rating outlook to positive from stable."

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