S&P upgrades OTE outlook

S&P said it revised its outlook on Hellenic Telecommunications Organization SA (OTE) to positive from stable. At the same time, S&P affirmed its B+ long-term and B short-term corporate credit rating on the company.

S&P also affirmed its B+ issue ratings on the senior unsecured debt issued by OTE's wholly owned financing vehicle, OTE plc.

“The outlook revision follows our similar action on Greece,” S&P said in a news release.

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