Moody’s Investors Service recently released a report detailing how they assigned a stable credit rating to Verizon Communications, Inc. and its subsidiaries. Among some of Moody’s conclusions are that Verizon has a strong balance sheet as well as ample liquidity. The key indicators used in Moody’s analysis are Scale, EMITDA Margin, Debt / EBITDA, FCF / Debt, RCF / Debt, (FFO + Interest Expense) / Interest Expense, and (EBITDA – Capex) / Interest Expense for the last five years. Included is an User’s Guide with additional definitions.
This report contains a Corporate Profile, a summary Rating Rationale behind the A3 long-term debt rating, Detailed Rating Considerations, outlooks on Liquidity and Rating, and much more. Moody’s comprehensive report contains 3,500 words and a few graphs and charts. This report is valuable for everyone from the first time analyst to the industry expert.