Moody's: Verizon's revised agreement to purchase Yahoo does not impact its ratings
New York, February 22, 2017-- 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 or 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...
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