Today, TDC A/S announces that Standard & Poor's has downgraded TDC's corporate
rating to BBB- with stable outlook from BBB with negative outlook. At the same
time, Standard & Poor's has lowered the issue rating on TDC's senior unsecured
debt to BBB- from BBB and its subordinated hybrid debt to BB from BB+. The
downgrade is due to continued fierce competition in TDC's domestic market.
In addition to Standard & Poor's rating, TDC has an issuer rating of Baa3 with Moody's (stable outlook) and an issuer default rating of BBB (negative outlook) with FitchRatings.
TDC A/S Teglholmsgade 1 0900 Copenhagen C DK-Denmark tdc.com
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=538824
In addition to Standard & Poor's rating, TDC has an issuer rating of Baa3 with Moody's (stable outlook) and an issuer default rating of BBB (negative outlook) with FitchRatings.
TDC A/S Teglholmsgade 1 0900 Copenhagen C DK-Denmark tdc.com
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=538824