S&P raises OTE credit rating to investment grade
- Written by E.Tsiliopoulos
Featured
Standard & Poor's on Wednesday raised Hellenic Telecommunication Organization's (OTE) long-term credit rating to BBB- with a positive outlook, offering the telecoms company an investment grade.
In an announcement, the credit rating agency said the upgrading of OTE's rating followed Greece's upgrading in October 25 to BB- from B+ which reflected a steady improvement of the country's finances and a gradual recovery of its economic outlook. "A reduction of political uncertainty in Greece and an improvement of economic prospects offer a more favourable operating environment for OTE," S&P said.
Tagged under
Related items
-
ExxonMobil estimates 6-9 trillion CF NG in Block 10 in Cyprus
-
EU countries approve Russian gas import ban by 2027
-
Man who murdered his mother was released after only four years in prison and went on to kill his father
-
Fire at cookie factory - 4 dead, one still missing
-
Greek shipowners are the stars of shipbuilding and ship purchases
Latest from E.Tsiliopoulos
- ExxonMobil estimates 6-9 trillion CF NG in Block 10 in Cyprus
- EU countries approve Russian gas import ban by 2027
- Man who murdered his mother was released after only four years in prison and went on to kill his father
- Fire at cookie factory - 4 dead, one still missing
- Greek shipowners are the stars of shipbuilding and ship purchases
