Nordic Business Report-April 18, 2006-Fitch and Moody's rate TDC A/S
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Danish telecomms group TDC A/S said on Tuesday (18 April) that the international rating agencies Fitch Ratings and Moody's Investors Service had published their credit ratings for the company.
Fitch assigned TDC A/S a rating of "BB-" with stable outlook and a short-term rating of "B".
Moody's downgraded TDC's long-term corporate credit rating to "Ba3" with stable outlook from "Ba1" on review for downgrade.
The corporate rating was re-assigned to Nordic Telephone Company (NTC), which owns 88.2 % of TDC, and Moody's will subsequently withdraw the corporate rating from TDC.
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