COPENHAGEN, Denmark, Jan. 27, 2006 (PRIMEZONE) -- TDC's credit rating has been changed by Standard & Poor's on January 26, 2006. TDC has received a BB rating for its long term rating with a negative outlook compared with BBB+ with negative outlook until yesterday. Standard & Poor's also changed TDC's short term corporate credit rating to B from A-2 rating.
The change in credit rating by S&P follows a downgrade by Moody's Investors Service on November 30, 2005 where TDC received a long term rating of Ba1 down from Baa1. Moody's also changed the short term corporate credit rating from P-2 to NP.
The above decisions to downgrade TDC's credit ratings follow from the announcements by Nordic Telephone Company (NTC) of the recommended tender offer to TDC's shareholders and the subsequent successful completion of the tender offer for the company.
For further information please contact TDC Investor Relations at +45 3343 7680.