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Belgacom S.A. Assigned 'A-1+' Corporate Credit Rating
Standard & Poors, Sep 1999
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
LONDON (Standard & Poor's CreditWire) Sept. 1, 1999--Standard & Poor's today assigned its 'A-1'-plus short-term corporate credit ratings to Belgacom S.A. (Belgacom). Standard & Poor's also assigned its double-'A' long-term and 'A-1'-plus short-term ratings the euro (Eur) 1 billion domestic debt issuance program, jointly issued by Belgacom and Belgacom Services NV/SA, which is guaranteed by Belgacom. The ratings on Belgacom reflect the company's leading position in the Belgian telecommunications market, and its strong cash flow generation. Also, implicit state support for its obligations is a significant rating factor, although its importance is decreasing. While the Belgian market for fixed-line telephony was opened up for competition on Jan. 1, 1998, Belgacom is still expected to retain its dominant market position, mainly...
Companies mentioned in this report are: Belgacom S.A.,Ameritech Corp.,Belgium (Kingdom of) (Unsolicited Ratings),TDC A/S,Belgacom Services NV/SA
Action: New Rating
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