S&P: Verizon unchanged

Standard & Poor's said its ratings and outlook on Verizon Communications Inc. (A/stable/A-1) are not affected by the company's proposed acquisition of Rural Cellular Corp.(B-/Watch positive) for $2.7 billion.

Because of Verizon's substantial size, this transaction does not meaningfully affect its overall business and financial risk profiles, the agency said, adding that the transaction is expected to close by mid-2008, with completion of regulatory and Rural Cellular shareholder approvals.

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