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<description>General Telephone Company of Michigan</description>
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<item><link>http://www.alacrastore.com/storecontent/moodys/PR_62882_600062562</link><guid isPermaLink="false">moodys/PR_62882_600062562</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><pubDate>12/21/2007 4:58:24 AM</pubDate><title>MOODY'S DOWNGRADES LONG-TERM DEBT RATINGS OF VERIZON, VERIZON WIRELESS AND VERIZON'S DOMESTIC TELECOM SUBSIDIARIES BY ONE NOTCH (VERIZON COMMUNICATIONS TO A2 FROM A1).  SHORT-TERM DEBT RATINGS ARE CONFIRMED.  THE OUTLOOK FOR ALL RATINGS IS STABLE.</title><description>Global Credit Research Rating Action ## DEC ####   Rating Action: Verizon Wireless Capital LLC MOODY'S DOWNGRADES LONG-TERM DEBT RATINGS OF VERIZON, VERIZON WIRELESS AND VERIZON'S DOMESTIC TELECOM SUBSIDIARIES BY ONE NOTCH (VERIZON COMMUNICATIONS...</description><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Wireless Capital LLC</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600062562</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.00</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">719900</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">NYNEX Capital Funding Company</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">668600</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Bell Atlantic Tricon Leasing, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">642600</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Network Funding Corporation</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600014189</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon New Zealand Holdings, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600008332</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Prefco IX Limited Partnership</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">566095</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Capital Corporation</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">566090</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">NYNEX Corporation</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">549000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon New York Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">547000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon New Jersey, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">546000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon New England Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">456400</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon GTE Savings Plan Trust</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">363000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Hawaiian Telephone Co.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">350417</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon North Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">327000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of Pennsylvania</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">326000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of The Midwest</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">325000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of Michigan</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">324000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of Kentucky</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">323000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of Indiana</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">320000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of Wisconsin</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">319000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">GTE Corporation</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">318975</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon California Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">318500</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company (Southwest)</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">311000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">General Telephone Company of the Northwest</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304365</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">GTE Southwest, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304360</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon South Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304340</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Florida Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304285</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Northwest Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304270</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">GTE Finance Corporation</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">304245</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Hawaii, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">238000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Delaware, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">169000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Virginia, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">168000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Maryland, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">167000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon West Virginia, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">166000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Washington D.C., Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">101000</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Pennsylvania, Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">100400</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Global Funding Corp.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">100345</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Bell Atlantic Systems Leasing Intl., Inc.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">100325</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Verizon Communications, Inc.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Bell Atlantic Systems Leasing Intl., Inc.; Bell Atlantic Tricon Leasing, Inc.; ...</moodys:issuer_list><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_62882_600062562</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item></channel></rss>