Hitt og þetta 12. apríl 2006

Standard & Poors lowers rating on TDC A/S

Nordic Business Report-April 12, 2006-Standard & Poor's lowers rating on TDC A/S
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Danish telecomms group TDC A/S said on Wednesday (12 April) that the international rating agency Standard & Poor's Ratings Services had lowered the company's rating to "BB-" for its long-term corporate credit, with a stable outlook, from "BB" with negative outlook.

TDC's short-term credit rating is unchanged at "B".

The change in credit rating is the result of a review and evaluation undertaken by S&P and reflects primarily the new leveraged capital structure of TDC, the company said.

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