Moody's could cut Koninklijke KPN

Moody's Investors Service said it placed the Baa2 senior unsecured rating of Koninklijke KPN NV on review for downgrade.

Concurrently, Moody's placed the company's Baa3 subordinated debt rating and Prime-2 short-term debt rating on review for downgrade.

Moody's said the review follows the announcement of the outcome of the spectrum auction in The Netherlands, where KPN acquired a combination of 120 MHz of spectrum at a total cost of €1,352,000,000.

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