Fitch lifts eircom to positive

Fitch Ratings said it revised eircom Holdings (Ireland) Ltd.’s outlook to positive from stable and affirmed its long-term issuer default rating at B.

The agency also affirmed eircom Finance Ltd.’s senior secured rating at B+ with recovery rating of RR3.

Fitch also affirmed eircom Finco Sarl’s senior secured rating at B+ with recovery rating of RR3.

The company’s business transformation continues on track, the agency said. Network investment, fiber penetration of the customer base, uptake of the company’s TV product and shift in the postpaid mobile mix point to a stable and improving incumbent business, Fitch explained.

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