Moody's Eyeing BellSouth Downgrade - Brief Article

Credit rating firm Moody's Investors Service is reviewing BellSouth's [BLS] senior unsecured long-term debt rating of "Aa3" for a possible downgrade, citing poor revenue trends at the company's wireline operations due to increasing competition. The firm is also reviewing BellSouth Telecom's "Aa2" senior unsecured long-term rating. This past month, Moody's cut its outlook to negative on BellSouth and announced a close study of the Regional Bell Operating Companies (RBOCs).

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