Today, TDC A/S announces that Standard & Poor’s has downgraded TDC’s corporate rating to BBB- with stable outlook from BBB with negative outlook. At the same time, Standard & Poor’s has lowered the issue rating on TDC’s senior unsecured debt to BBB- from BBB and its subordinated hybrid debt to BB from BB+. The downgrade is due to continued fierce competition in TDC’s domestic market.
In addition to Standard & Poor’s rating, TDC has an issuer rating of Baa3 with Moody’s (stable outlook) and an issuer default rating of BBB (negative outlook) with FitchRatings.
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com