Fitch changes Ericsson to stable

Fitch Ratings said it revised Telefonaktiebolaget LM Ericsson's outlook to stable from negative.

The long-term issuer default and senior unsecured ratings were affirmed at BBB-.

“The global mobile infrastructure market has demonstrated clear signs of stabilisation with revenue decline easing to low single-digit territory in 1Q18, according to Dell'Oro Group, an industry consultant,” Fitch said in a news release.

“We believe a significant increase in market pressure is unlikely in the medium-term, with key vendors expecting modest revenue contraction in 2018 before seeing muted growth.”

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