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General

Telefonica rating stays at BBB+, negative outlook - Fitch

Friday 21 March 2014 | 15:52 CET | News
Ratings agency Fitch has affirmed Telefonica's long-term issuer default rating (IDR) at 'BBB+' with Negative Outlook. According to Fitch, Telefonica continues to represent one of the most diverse operating and cash flow profiles among the large incumbent peer group in EMEA. The ratings agency's analysts compared Telefonica with Deutsche Telekom (BBB+/Stable) and Orange (BBB+/Negative), adding that the Spanish group exhibits stronger geographic diversification, a lower, albeit significant, reliance on its domestic market, along with significant scale and leading market positions in its

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Categories: General
Companies: Telefonica
Countries: Spain
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