Today, TDC A/S announces that Moody’s has downgraded to Baa3 from Baa2 the long term issuer rating and senior unsecured ratings of all debt issued by TDC A/S. The outlook on all the ratings is stable. The downgrade follows the announcement of TDC A/S’ acquisition of Get on 15 September 2015.
Also, TDC A/S announces that Fitch does not intend to take a rating action on TDC A/S’ BBB ratings with stable outlook following the announcement of its acquisition of Get.
With these rating actions TDC, as expected, remains an investment grade company in line with its policy of maintaining an investment grade credit profile.
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
tdc.dk