Telenor ASA 'A-/A-2' Ratings Affirmed Reflecting Continued Strength; Outlook Stable Mar 03
- ID: 1831957
- March 2003
- Standard & Poors
LONDON (Standard & Poor's) March 13, 2003--Standard & Poor's Ratings Services said today it affirmed its 'A-' long-term corporate credit and senior unsecured debt ratings, and its 'A-2' short-term corporate credit and commercial paper ratings, on Telenor ASA, following a review of the Norway-based telecommunications operator. The outlook is stable. "The ratings reflect the continued strength of the domestic fixed-line and mobile operations, which generated about 67% of group EBITDA for the quarter ended Dec. 31, 2002, combined with improved domestic cash flow primarily due to reduced capital expenditure", said Standard & Poor's credit analyst Simon Redmond. These positive factors are set against the company's higher business and financial risk as a result of increased holdings in mobile operators in...
Companies mentioned in this report are: Telenor ASA
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