Fitch affirms Verizon

Fitch Ratings said it affirmed the A- long-term issuer default ratings and senior unsecured debt ratings for Verizon Communications Inc. and its subsidiaries.

The agency also affirmed Verizon's short-term issuer default rating and commercial paper ratings at F2.

The outlook remains stable.

“The ratings are supported by Verizon Wireless's (VZW) strong competitive position, as evidenced through industry-low churn rates, high margins and the extensive coverage of approximately 98% of the U.S. population with its 4G LTE network,” Fitch said in a news release.

“These factors are balanced against the intensely competitive wireless environment and moderately high leverage for the rating.”

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