The document provides a financial analysis and investment recommendation for Verizon Communications Inc. (VZ) bonds. It suggests buying intermediate-dated bonds due to their attractive spreads compared to the IG Index and TMT peers. The analysis highlights Verizon's increased leverage from acquiring Verizon Wireless and its potential to regain a Low-Single A rating. Despite competitive pressures, Verizon is expected to maintain its market position and generate solid free cash flow.
documents/EFTA01378322.pdf
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