Research (J&T BANKA)
World markets  |  April 09, 2013 09:04:29

Fitch left Telefónica SA rating unchanged with a negative outlook

The credit rating agency left the Spanish Telefonica SA rating at "BBB +" while leaving outlook at "negative". Fitch positively assesses the progress of the company to reduce debt, and his future plans. At the same time, however, sees weakness in the business itself, which sees pressure on profit margins. Report perceive neutral.

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