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Summary: Telekom Austria AG Jan 12
Standard & Poors, January 2012
The ratings on Telekom Austria AG reflect Standard & Poor's Ratings Services' view of the group's "satisfactory" business risk profile and its "intermediate" financial risk profile. Telekom Austria's business risk profile is supported, in our view, by its sustainable leading market positions in the Republic of Austria (AA+/Negative/A-1+). Furthermore, the group's international mobile operations help diversify its revenue base and generate meaningful profit margins. These factors are tempered by the saturation of, and fierce competition in, Austria's declining telecommunications services market, in our opinion. We also consider that the group's international mobile operations continue to face meaningful competitive and regulatory pressure and significant country risks, notably in Belarus. We also note that Telekom Austria has a rigid cost structure because...
Companies mentioned in this report are: Telekom Austria AG
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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.
Telekom Austria AG