Fitch affirms Verizon

Fitch Ratings said affirmed Verizon Communications Inc.'s issuer default rating at A, senior debt at A, short-term issuer default rating at F1 and commercial paper rating at F1.

The outlook is stable.

The ratings on Verizon reflect the significant scale and scope of the company's domestic wireline and wireless businesses, the high proportion of revenues from wireless and wireline growth areas and the ability to manage leverage around a range of 1.5 times to 1.6 times, the agency said.

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