Fitch affirms Cellnex at BBB-

Fitch said it affirmed Cellnex Telecom SA's long-term issuer default rating at BBB- with a negative outlook.

“Cellnex's ratings reflect a cash-generative business model with stability and visibility in cashflow streams,” Fitch said in a news release.

Fitch noted that Cellnex has gradually improved its operating profile over the past three years and Fitch said it believes the improvement is likely to continue.

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