- Language: English
- Published: October 2012
- Region: Europe
Tecnost 'BBB' Ratings Affirmed; Olivetti Rated 'BBB'; Telecom Italia Likely to Be Rated 'A-' Feb 01
- ID: 2025196
- February 2001
- Region: Italy
- Standard & Poors
Paris (Standard & Poor's CreditWire) Feb. 5, 2001--Following Telecom Italia's announcement that it will offer to convert all outstanding savings shares into ordinary shares, coupled with an ordinary share buyback transaction, Standard & Poor's today affirmed its triple-'B' long-term ratings on Tecnost International (Finance) N.V.--Telecom Italia's majority shareholder--and Tecnost International N.V. At the same time, Standard & Poor's assigned its triple-'B' long-term corporate credit rating to Olivetti SpA--the holding company of Telecom Italia--and its triple-'B' senior unsecured debt rating to associated entity Olivetti International N.V. The outlook on both Tecnost International (Finance) N.V. and Olivetti SpA is stable. (See list below for all ratings affected.) In addition, Standard & Poor's has made an assessment of the credit quality of Telecom...
Companies mentioned in this report are: Olivetti International (Finance) N.V.,Olivetti SpA
Action: Various Rating Actions
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.
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Olivetti International (Finance) N.V.,Olivetti SpA