Moody’s: Verizon unaffected by revised purchase agreement

Moody's Investors Service said that Verizon Communications Inc.'s revised agreement to purchase the business operations of Yahoo for $4.48 billion will not impact its ratings, including its Baa1 senior unsecured, Prime-2 commercial paper rating and stable outlook.

The conclusion of the deal renegotiations represents a positive step for Verizon that will allow it to move forward with the transaction, which has been delayed due to revelations by Yahoo of multiple prior data breaches.

With the Yahoo deal back on track, Verizon can continue to pursue its strategy to gain scale in digital advertising and grow its capabilities to monetize mobile video content, the agency explained.

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