The rating affirmation reflects Moody's view that this transaction is fundamentally positive and enhances American Tower's growth profile. It also assumes that the REIT's financing of the transaction will include a meaningful component of common equity. Even as Moody's Adjusted Net Debt/EBITDA could rise modestly above 6x temporarily, we also expect the REIT would use its free cash flow to bring leverage back down below this level within twelve months of transaction close.