Moody's Ratings (Moody's) placed Telephone and Data Systems, Inc.'s (TDS) ratings on review for downgrade, including the Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba3 Preferred Stock rating. Concurrently, Moody's placed United States Cellular Corporation's (U...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telephone and Data Systems, Inc.. Global Credit Research- 30 Aug 2021. New York, August 30, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Telephone and Data Systems, Inc. and other ratings that are associated with the same analytical unit.
Rating Action: Moody's affirms TDS's Ba1 CFR, downgrades US Cellular's unsecured debt to Ba2 on higher mix of structurally senior debt; outlook stable. Global Credit Research- 02 Aug 2021. New York, August 02, 2021-- Moody's Investors Service affirmed Telephone and Data Systems, Inc.' s Ba1 corporate family rating, Ba1-PD probability of default rating, Ba2 rating on senior unsecured notes outstanding at TDS and maintained the company's SGL-1 speculative grade liquidity rating.
Rating Action: Moody's assigns Ba1 to US Cellular unsecured notes. Global Credit Research- 10 May 2021. New York, May 10, 2021-- Moody's Investors Service assigned a Ba1 rating to United States Cellular Corporation's proposed offering of senior unsecured notes.
Rating Action: Moody's assigns Ba3 to TDS's proposed preferred stock. Global Credit Research- 23 Feb 2021. New York, February 23, 2021-- Moody's Investors Service has assigned a Ba3 rating to Telephone and Data Systems, Inc.' s proposed cumulative redeemable perpetual preferred stock.
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