S&P: Deutsche Telekom stable

Standard & Poor's said it revised its outlook on Deutsche Telekom AG to stable from positive and affirmed the BBB+ long-term and A-2 short-term corporate credit ratings.

S&P said the outlook revision reflects its expectation that the currently weakening macroeconomic environment will negatively affect Deutsche Telekom's revenue prospects, particularly at its European segment.

In addition, in the agency's updated base-case scenario S&P now assumes that the disposal of Deutsche Telekom's wireless operations T-Mobile USA to U.S.-based AT&T Inc. will not receive the necessary regulatory and antitrust approval, although both companies are still pursuing the sale.

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