S&P gives BB+ to O2 Czech Republic parent

S&P said it assigned a BB+ long-term issuer credit rating to PPF Arena 1 BV, the holding company of O2 Czech Republic, CETIN and Telenor CEE.

“The rating reflects PPF Arena 1's leading positions in most of the mobile markets in which it operates, where the competitive environment has been relatively stable. It also factors in the company's position as a midsize European telecom operator, with presence in several CEE countries and an above-industry average adjusted EBITDA margin,” S&P said in a news release.

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