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23.10.2013 09:49:00
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Telekom Austria AG -- Moody's downgrades Telekom Austria's ratings to Baa2; stable outlook
Madrid, October 23, 2013 -- Moody's Investors Service has today downgraded the long-term issuer and senior unsecured ratings of all debts issued by Telekom Austria AG (Telekom Austria) and its guaranteed finance subsidiary Telekom Finanzmanagement GmbH to Baa2 from Baa1. Concurrently, Moody's has downgraded to Ba1 from Baa3 the junior subordinated rating on Telekom Austria's hybrid instrument. The company's short-term rating of Prime-2 (P-2) is not affected. The outlook on the ratings is stable.
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