- Published: August 2011
- Region: Austria
Summary: Telekom Austria AG Jun 11
- Published: June 2011
- Region: Austria
- Standard & Poors
The ratings on Telekom Austria AG reflect Standard & Poor's Ratings Services' view of the group's sustainable, leading market positions in Austria. Telekom Austria's international mobile operations help diversify its revenue base and generate meaningful profit margins, which we consider likely to support the group's so far solid consolidated free operating cash flow (FOCF) generation. In addition, in our opinion, the group follows a transparent and moderately conservative financial policy. These factors are tempered by the saturation of, and fierce competition in, Austria's declining fixed-line and mobile telecommunications services market, in our opinion. The group has a rigid cost structure because of the high number of civil servants working at its domestic fixed-line business. Furthermore, we consider that its international...
Companies mentioned in this report are: Telekom Austria AG
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Telekom Austria AG