1.1 C
New York
November 14, 2019
BUSINESS

S&P raises OTE’s credit rating to investment grade

ote


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.

Related posts

S&P raises PPC’s credit rating to B- from CCC+

greek

Greek yachting charter market grew in 2014-2018, ICAP survey

greek

Hellenic Petroleum to pay 0.25 euro/share pre-dividend in January

greek

Athens International Airport rated third best in the world by AirHelp

greek

Greece’s biggest bank accused of violating capital controls – Financial Times

greek

Ten expressions of interest to buy 30 pct stake in Athens airport

greek