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S&P turns DKT view to negative
S&P said affirmed its B ratings on DKT Holdings ApS, DKT Finance ApS, and TDC Holding A/S, removed them from CreditWatch where they were placed with negative implications on July 6 and withdrew the ratings.
“At the time of the withdrawal, the negative outlook reflected the likelihood of a downgrade in the next 12 months if FOCF after leases did not improve to at least breakeven if adjusted leverage increased to above 7x (excluding shareholder loans) or towards 10.5x (including shareholder loans) or EBITDA interest covered declined to below 3x,” the agency said in a statement.
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