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General

TDC credit ratings cut after leveraged buy-out

Thursday 10 May 2018 | 13:03 CET | News
Ratings agency Standard and Poor's said that it has cut its long-term and short-term issuer credit ratings on Danish telecoms operator TDC to B+/B from BBB-/A-3 and has removed them from CreditWatch negative. This follows the completion of the acquisition of 91 percent of TDC by DKT Holding, a consortium comprising Macquarie Infrastructure and Real Assets (MIRA) and the Danish pension funds PFA, PKA, and ATP.

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Categories: General
Companies: TDC
Countries: Denmark
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