Fitch revises NBN view to stable

Fitch Ratings said it revised the outlook on NBN Co Ltd. to stable from negative and affirmed its long-term issuer default rating (IDR), senior unsecured rating and senior unsecured debt at 'AA'.

“The rating action follows the outlook revision of Australia's AAA long-term foreign-currency IDR to stable from negative,” Fitch said in a press release.

Australia owns the company.

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