Moody´s Downgrades Telekom Austria

Businessn.a. ♦ Published: January 19, 2012; 18:42 ♦ (Vindobona)

The U.S. rating agency lowered Telekom Austria´s rating from A3 to Baa1, which is due to the weak business development.

Moody´s Downgrades Telekom Austria / Picture: © Moody's Investors Service, Inc. - Annual Report 2013

Moody´s decided to downgrade Telekom Austria from A3 to Baa1. Besides the market environment and the cash-flow, the revenues were analyzed. The rating agency is in doubt whether Telekom Austria can improve its performance in 2012 compared to 2011. Telekom Austria´s business development is regarded as weak – in Austria as well as in foreign markets. “The performance is still under…