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TIM Brasil assigned AAA rating by Fitch

Tuesday 11 February 2020 | 10:26 CET | News
Fitch Ratings assigned to TIM Brasil an initial long-term Rating on a national scale of AAA(bra), with a stable outlook. According to the credit rating agency, TIM's rating reflects its strong business profile, supported by its relevant participation in the mobile telephony sector, as well as in relation to its conservative financial indicators, with reduced financial leverage and a robust liquidity position. The expectation is that TIM Brasil will present an increasing cash flow from operations.

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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