S&P changes TDC view to stable

Standard & Poor's said it revised its outlook on TDC A/S to stable from positive.

At the same time, the agency affirmed its BBB long-term and A-2 short-term corporate credit ratings on the company.

S&P said the outlook revision reflects its expectation that in 2014-2015, TDC's revenue and EBITDA will continue to decline, albeit at a slower pace than in 2013, and that its credit metrics will deteriorate slightly.

The agency now expects the group's revenues to decrease by low single digits, compared with the previous forecast of stable revenue following a 5.8% decline in 2013.

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