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S&P cuts France Telecom debt rating to BBB+

Tuesday 23 April 2013 | 09:00 CET | News
Standard & Poor's has cut France Telecom's long-term debt rating by one step to BBB+, reflecting expectations that the operator's EBITDA will decline more this year that previously anticipated. S&P cited increasing competitive and price pressure since late 2012 in the French mobile market, and a slowdown in France Telecom's key European markets, notably Poland. S&P sees a stable outlook for the company. Fitch downgraded France Telecom's debt from A- to BBB+ in October last year.

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