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Fitch Affirms TDS and U.S. Cellular IDRs at 'BB+'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Ratings (IDR) and senior unsecured debt ratings for Telephone and Data Systems, Inc. (TDS) and its subsidiary United States Cellular Corp. (USM) at 'BB+'. In addition, Fitch has assigned an 'RR4' recovery rating to the senior unsecured debt for both companies. USM's ratings consider the consolidated ratings at TDS. The Rating Outlook remains Stable. KEY RATING DRIVERS Wireless Market Position: Fitch's current ratings reflec

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