| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hellenic Telecommunications Organizations > News item |
S&P ups Hellenic Telecommunications
S&P said it raised its ratings on Hellenic Telecommunications Organizations (OTE) and its issue ratings to BBB+ from BBB.
“The rating action reflects our recent upgrade of OTE's parent and our expectation that OTE's stand-alone financial profile will remain robust. The upgrade of OTE's parent Deutsche Telekom to BBB+ has removed the cap on the rating on OTE. Furthermore, the upgrade of OTE reflects our view that its credit metrics remain strong, benefiting from the company's solid balance sheet with stable adjusted leverage for 2023-2024 at 0.8x-0.9x and resilient FOCF generation,” the agency said in a press release.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.