Ashburn, Va., December 8, 2004 - MCI, Inc. (NASDAQ:MCIP) today said that Standard and Poor's Ratings Services had assigned a "B+" rating to its corporate credit and senior unsecured notes.
According to the indentures, the coupons on MCI's $5.7 billion of notes outstanding may be reset based on initial ratings assigned by Standard & Poor's and Moody's Investors Service. Any reset will be effective the day after Moody's issues its rating.
About MCI
MCI, Inc. (NASDAQ: MCIP) is a leading global communications provider, delivering innovative, cost-effective, advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone, based on the number of company-owned points of presence, and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's market. For more information, go to www.mci.com.
| Area: | Global |
| Name: | Peter Lucht |
| Tel: | +1-617-535-5533 |
| E-mail: | peter.lucht@verizon.com |
