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.

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