Moody's mutes outlook on wireless sector

NEW YORK – Thanks to incoming competition, there is a new expectation of increased pricing pressure in the Canadian wireless sector – which has prompted the influential Moody's Investors Service to change its outlook on the country’s wireless telecommunications sector from positive to stable. The outlook expresses Moody's expectations for the fundamental credit conditions in the industry over the next 12 to 18 months. The rating agency does not believe that there will be significant credit-rating changes for these companies over this period, barring further consolidation activity. "We lowered our outlook on Canada's wireless industry to stable from positive, based...