Articles tagged with: Fitch Ratings and Verizon Communications

Fitch: Verizon's Pension Strategy a Long-Term Positive

­Fitch Ratings believes Verizon Communications's plans to transfer the existing pension obligations of its management retirees to Prudential Insurance through the purchase of a group annuity contract has an incremental positive impact on the company's credit profile. The transfer is a significant step to reduce future cash contributions to the company's pension plans. Fitch's IDR on Verizon is 'A' and the Rating Outlook is Stable.  more

Related Tags: huawei, microsoft, windows-phone-8, wp8, USA


Fitch Affirms Verizon's Ratings and Says the Outlook is Stable

Fitch Ratings has affirmed Verizon Communications's Issuer Default Ratings (IDRs) and debt ratings with a stable outlook. ­Fitch said that VZ's ratings 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 (x)-1.6x.  more

Related Tags: verizon-wireless, vodafone, USA


Fitch Ratings Confirms Verizon Communications with Stable Outlook

Fitch Ratings has maintained its stable outlook for Verizon Communications debts, although it is also maintaining its Rating Watch Negative on the subsidiaries that the company is currently in the process of selling to Frontier Communications. Fitch said that Verizon's ratings reflect the significant scale and scope of its domestic wireline and wireless businesses, the high proportion of revenues from wireless and wireline growth areas, and, following the acquisition of Alltel Corp. in January 2009, the return by the end of 2010 to a leverage range supportive of the 'A' rating, which in Fitch's view is 1.5 times (x) to 1.6x.  more

Related Tags: verizon-wireless, wireless, coverage,


European Incumbent Telecom Operators at Risk From Cable Broadband Upgrades

Fitch Ratings says in a report published today, that a number of European incumbent landline telecom operators risk increasing disadvantage given a failure to respond sufficiently to the risk posed by the cable operators' broadband investments and their own resistance to spending on fibre.  more

Related Tags: , sim, eu, tim, ovi, verizon, landline, bt, virgin-media, fitch, planning, virgin, UK


Modest Credit Effects for U.S. Wireless Operators Following 700 MHz Auction

Fitch Ratings says that it expects the recent 700 MHz auction will have only modest credit implications for wireless operators. Verizon Communications and AT&T have significant capacity and financial flexibility to absorb the approximately $18.5 billion of 700 MHz spectrum purchased by the two companies. Other well-capitalized, smaller operators, with strong balance sheets and good free cash flow prospects, should be in a good position to fund future build-outs.  more

Related Tags: verizon, federal-communications-commission, fitch, auction,


A Qwest Dividend Is Possible, But Other Priorities Remain

NEW YORK -(Dow Jones)- Qwest Communications International may be set to answer the call for a long-awaited dividend. more

Related Tags: sprint-nextel, qwest, compete, sharp, landline, fitch, qwest-communications, denver,


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