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Research Update: Ericsson Ratings Raised To 'BBB-' On Publication Of Full-Year 2004 Results; Outlook Positive Feb 05

  • ID: 1873629
  • February 2005
  • Standard & Poors
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On Feb. 28, 2005, Standard & Poor's Ratings Services raised its long-term corporate credit and senior unsecured debt ratings on Sweden-based telecommunications equipment supplier Ericsson (Telefonaktiebolaget L.M.) to 'BBB-' from 'BB+', following publication of the group's fourth-quarter and full-year 2004 results and reflecting Standard & Poor's review of the medium-term outlook for the mobile network systems industry. The outlook is positive. At the same time, Standard & Poor's raised its short-term corporate credit rating on Ericsson to 'A-3' from 'B'. At Dec. 31, 2004, Ericsson had gross financial debt of about Swedish krona (Skr) 23.5 billion (about $3.4 billion), including outstanding senior unsecured notes for approximately Skr21 billion. Ericsson's return to the investment-grade category after the most challenging crisis yet...

Companies mentioned in this report are: Ericsson (Telefonaktiebolaget L.M.)
Action: Outlook: Positive
Action: Upgraded

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Ericsson (Telefonaktiebolaget L.M.)

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