NEW YORK-AirTouch Communications Inc., San Francisco, plans to issue two classes of convertible preferred stock in mid-August to complete its acquisition of Cellular Communications Inc., New York.
Moody’s Investors Service Inc., New York, has assigned baa3 credit ratings to AirTouch’s proposed 6 percent Class B mandatorily convertible preferred stock and its 4.25 percent Class C convertible preferred stock.
AirTouch is a global wireless communications company with interests in cellular, paging, personal communications services, satellite communications and other operations in the United States, Western Europe and Asia.
