Bell Atlantic Corp does not come out as well as its partner as a result of their plans to merge: Moody’s Investors Service Inc affirmed its ratings but altered its outlook to negative from stable: the outlook revision reflects a number of undecided issues important to the bondholders: whether the existing debt of the two will be assumed by New Bell Atlantic; whether each will continue to exist as corporate entities and direct subsidiaries of the new company; whether the new company will pursue new lines of business and at what level in the organization debt will be issued, Moody’s said.
