Moody's Investors Service has placed the debt ratings of Yell Finance on review for downgrade after Yell announced that it will acquire McLeodUSA Publishing for $600m (€679.3m).
John Condron, chief executive of Yell, said: "The agreement to acquire McLeodUSA Publishing signifies a major US expansion, building on our already strong presence with Yellow Book, the leading US independent directories publisher, which we purchased in 1999."
