TDC : FitchRatings downgrades TDC’s corporate rating from BBB with negative outlook to BBB- with stable outlook

Today, TDC A/S announces that FitchRatings has downgraded TDC’s corporate rating from BBB with negative outlook to BBB- with stable outlook. At the same time, FitchRatings has lowered the issue rating on TDC’s senior unsecured debt from BBB to BBB- and its subordinated hybrid debt from BB+ to BB. The downgrade is due to continued fierce competition in TDC’s domestic market.

In addition to FitchRatings’ rating, TDC has an issuer rating of Baa3 with Moody’s (stable outlook) and an issuer default rating of BBB- (stable outlook) with Standard & Poor’s.

         TDC A/S
         Teglholmsgade 1
         0900 Copenhagen C
         DK-Denmark
         tdc.com

Vedhæftede filer:

Release 36-2015 Fitch - UK.pdf