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Fitch withdraws BellSouth discount notes

By BFN News | 07:01 AM | Friday 23 March, 2012

Fitch Ratings has affirmed and withdrawn the 'BBB-' rating of BellSouth Telecommunications' sale and leaseback $45m discount notes. The discount notes are guaranteed by a residual value insurance policy, provided by RVI America. The rating of the discount notes represents a direct pass-through to the rating of RVI America. Fitch withdrew the rating of RVI America, as the ratings were considered no longer relevant to the agency's coverage. Story provided by