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BRIEF-Verizon no longer expects to be able to achieve an upgrade to pre-vodafone credit rating in 2018-2019 timeframe
May 5, 2017 / 12:31 PM / 5 months ago

BRIEF-Verizon no longer expects to be able to achieve an upgrade to pre-vodafone credit rating in 2018-2019 timeframe

May 5 (Reuters) - Verizon Communications Inc:

* Verizon - in Q1 earnings release, co indicated it was on track for return to pre-vodafone credit rating profile by 2018-2019 timeframe

* Verizon- no longer expect to be able to achieve an upgrade to our pre-vodafone credit rating in 2018-2019 timeframe -

* Verizon - expectation for return to pre-vodafone credit rating profile by 2018-2019 was based on then existing view rating agencies used to assess industry

* Verizon - no longer expect to be able to achieve upgrade to pre-Vodafone credit rating as result of recent change in rating agencies' view on industry Source text:(bit.ly/2qHNO9x) Further company coverage:

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