Madrid, May 04, 2016 -- Moody's Investors Service (Moody's) has today downgraded to Baa1 from A3 the senior unsecured ratings of Nordic telecommunications operator Telia Company AB (Telia). Concurrently, Moody's has downgraded to provisional (P)Baa1 from (P)A3 the company's medium-term note (MTN) rating, and has affirmed Telia's Prime-2 (P-2) short-term rating. Moody's also lowered Telia's Baseline Credit Assessment (BCA) to baa2 from baa1. The outlook on all ratings is stable.

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