Fitch rates Verizon notes A

Fitch Ratings said it has assigned an A rating to Verizon Communications, Inc.'s proposed offering of $2.5 billion to $3 billion of 10-year and 30-year senior unsecured notes.

The proceeds will be used for the repayment of commercial paper, the repayment of $1 billion of debt maturing in April, and for general corporate purposes, the agency said.

The outlook is stable.

According to Fitch, Verizon's A issuer default rating and stable outlook reflect the significant scale and scope of its domestic wireline and wireless businesses, the high proportion of revenues from wireline and wireless growth areas, and prospects for continued earnings growth -albeit at a slower pace - in 2009.

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