- Language: English
- Published: January 2013
- Region: Europe
TDC A/S 'BB' Corporate Credit Rating On CreditWatch Positive After Sunrise Disposal Announced
- Published: September 2010
- Standard & Poors
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.
Denmark-based telecom operator TDC announced that it has entered into an agreement to sell its Swiss subsidiary Sunrise Communications AG for a total consideration of CHF3.3 billion. We are placing our 'BB' corporate credit rating on TDC and its parent company Angel Lux Common S.A. on CreditWatch Positive. The CreditWatch placement reflects a possible upgrade in the next three months following our review of the group's final use of the proceeds, financial policy, and capital structure. FRANKFURT (Standard & Poor's) Sept. 20, 2010--Standard & Poor's Ratings Services said today it placed its 'BB' long-term corporate credit ratings on Danish telecom operator TDC A/S and its immediate parent company Angel Lux Common S.A. (ALC) on CreditWatch with positive implications. We affirmed...
Companies mentioned in this report are: TDC A/S
Action: On CreditWatch:Developing
Action: On CreditWatch:Positive
SHOW LESS READ MORE >