Madrid, June 09, 2016 -- Moody's Investors Service has today upgraded to Baa1 from Baa2 the issuer rating and affirmed the Prime-2 (P-2) short term ratings of British Telecommunications Plc (BT) and British Telecom Finance B.V. Concurrently, Moody's upgraded to Baa1 from Baa2 BT's senior unsecured debt ratings and upgraded to (P)Baa1 from (P)Baa2 the company's MTN programme rating and senior unsecured shelf rating.
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