TDC : Standard & Poor’s downgrades TDC’s corporate rating from BBB with negative outlook to BBB- with stable outlook


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


Attachments

Release 32-2015 S&P - UK.pdf