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S&P lift Orange view to stable
Standard & Poor's said it revised the outlook on Orange SA to stable from negative.
The agency also said it affirmed the company’s BBB+ corporate credit rating and related issue ratings.
The outlook revision follows Orange's improved performance in key markets, notably France and Spain, S&P said.
The company’s operations in both countries are currently stabilizing their top lines, despite continued fierce competition, the agency said.
The improved performance is mainly a result of the company's acceleration of the upgrade of its fixed-line network in both France and Spain, S&P said.
The company’s competitive advantage is constrained by fierce competition and tough regulatory environments, the agency added.
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