Nordic Business Report-April 12, 2006-Standard & Poor's lowers rating on TDC A/S
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
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.
((Comments on this story may be sent to email@example.com))