Fitch rates Verizon debt A+

Fitch Ratings said it assigned an A+ rating to Verizon Communications, Inc.'s proposed offering of senior unsecured debt.

The outlook is stable.

Proceeds are expected to be used for general corporate purposes.

Ratings reflect the significant scale and scope in its domestic wireline and wireless businesses, the high proportion of revenues from wireline and wireless growth areas, prospects for continued earnings growth and a conservative financial profile, the agency said.

A key supporting factor has been Verizon Wireless' ability to maintain a strong competitive position among the four national operators, Fitch added.

The principal concern remains the effect of competition in the residential wireline market, the agency said.

For 2007, the company's debt-to-EBITDA ratio was 1.04 times.

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