June 22, 2020 / 4:15 PM / 24 days ago

BRIEF-Moody's Says Negative View Of U.S. Telecommunications Reflects Lower Earnings, Potential Rise In Bad Debt From Covid-19

June 22 (Reuters) - Moody’s:

* MOODY’S SAYS NEGATIVE VIEW OF U.S. TELECOMMUNICATIONS REFLECTS LOWER EARNINGS, POTENTIAL RISE IN BAD DEBT FROM COVID-19

* MOODY’S - RISING UNEMPLOYMENT, UNCERTAINTY REGARDING LENGTH OF COVID-19 RELATED SLOWDOWN TO REDUCE 2020 EBITDA FOR U.S. TELECOMMUNICATION SECTOR

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