Summary: Elisa Corp. Feb 13

  • ID: 2417712
  • February 2013
  • Standard & Poors
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The ratings on Finnish fixed-line and mobile telecommunications operator Elisa Corp. reflect Standard & Poor's Ratings Services' assessment of the company's business risk profile as "satisfactory," including our assessment of its management and governance as "satisfactory," and its financial risk profile as "intermediate," according to our criteria. Our view of the business risk profile is underpinned by Elisa's leading and sustainable positions in its domestic market, state-of-the-art network, effective cost optimization, and our anticipation that the company should be able to maintain margins at the current levels. Our view of the financial risk profile is underpinned by Elisa's financial policy, which targets net debt to EBITDA of between 1.5x and 2.0x, and our anticipation of solid free operating cash flow...

Companies mentioned in this report are:
- Elisa Corp.

Action: Review

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- Elisa Corp.

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