CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Verizon Communications Inc.'s (Verizon; NYSE: VZ) Issuer Default Ratings (IDRs) and debt ratings following its announcement that it has reached an agreement to purchase AOL Inc. (AOL) for $50 per share, or approximately $4.4 billion. The ratings have been affirmed as follows: Verizon Communications Inc. --Long-term IDR at 'A-'; --Senior unsecured debt at 'A-'; --Senior unsecured revolving credit facility due 2018 and term loan due 2019 at 'A-
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