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General

Fitch downgrades France Telecom

Wednesday 31 October 2012 | 09:35 CET | News
Fitch has downgraded France Telecom-Orange's debt rating by one notch from A- to BBB+ due to increased market pressure in France since the launch of Free Mobile, resulting in lower cashflows for its competitors. France Telecom announced a reduction in dividend and does not anticipate a return to cash flow growth until 2014. In August, Fitch downgraded the operator's outlook from stable to negative.

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Categories: General
Companies: France Telecom / Orange
Countries: France
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