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Fitch and Moody's rate TDC A/S.

NORDIC BUSINESS REPORT-18 April 2006-Fitch and Moody's rate TDC A/S(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Danish telecomms group TDC A/S said on Tuesday (18 April) that the international rating agencies Fitch Ratings and Moody's Investors Service had published their credit ratings for the company.

Fitch assigned TDC A/S a rating of "BB-" with stable outlook and a short-term rating of "B".

Moody's downgraded TDC's long-term corporate credit rating to "Ba3" with stable outlook from "Ba1" on review for downgrade.

The corporate rating was re-assigned to Nordic Telephone Company (NTC), which owns 88.2 % of TDC, and Moody's will subsequently withdraw the corporate rating from TDC.

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUDE
Date:Apr 18, 2006
Words:124
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