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Prospect News home > News index > List of issuers V > Headlines for Verizon Communications Inc. > News item |
Fitch rates Verizon notes A+
Fitch Ratings said it assigned an A+ rating to Verizon Communications, Inc.'s proposed offering of $2 billion to $3 billion of senior unsecured notes.
Verizon's long-term issuer default rating remains on Rating Watch negative due to the pending acquisition of Alltel Corp. by Verizon Wireless.
Proceeds will be used to repay commercial paper and for general corporate purposes.
Ratings are supported by the continued strong growth, the agency said.
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