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Moody's places Sonera on review for possible downgrade.

NORDIC BUSINESS REPORT-27 March 2001-Moody's places Sonera on review for possible downgrade(C)1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com

Moody's Investors Service has placed the Finnish telecommunications operator Sonera Corporation's senior unsecured A2 long-term debt ratings and the short-term Prime-1 debt rating on review for possible downgrade.

The decision to place Sonera's ratings on review was said to be a result of growing concerns that continuing negative market sentiment would impair Sonera's asset disposal plan regarding its 7.9% equity holding in VoiceStream.

Moody's said it believed that the review could lead to more than a one notch downgrade in the company's long-term debt rating.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Title Annotation:Finnish telecommunications operator Sonera
Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUFI
Date:Mar 27, 2001
Words:119
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