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To: techlvr who wrote (126089)12/18/2002 3:21:04 PM
From: Cooters  Read Replies (1) | Respond to of 152472
 
14:44 ET Verizon long-term debt cut to A2 from A1 by Moody's (VZ) 39.13 -0.03: Downgrade reflects concerns regarding the co's ability to sustain free cash flow relative to its large debt load due to competition in its wireline and wireless divisions.

from briefing.com

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IMO, part of a long term trend where VZ(and SBC) will see their debt rating steadily erode, while Sprint will see theirs improve.

Estimated date when Sprint's debt will be rated higher than VZ's - 12/18/04

Cooters