Fitch affirms Vodafone

Fitch Ratings said it affirmed Vodafone Group plc's long-term issuer default and senior unsecured ratings at A- and short-term issuer default rating at F2.

The outlook remains stable.

These ratings reflect Vodafone's very strong market position across Europe and its diversified portfolio of non-European assets, which are contributing strongly to cash flow growth, the agency said.

Fitch said it expects Vodafone to manage its capital structure in line with its internal financial policies, which predict its current leverage to move toward the higher end of the range for the A- rating level, Fitch added.

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