S&P changes Sunrise to stable

Standard & Poor's said it revised the outlook on Sunrise Communications Holdings SA to stable from negative.

At the same time, the agency affirmed its B+ long-term corporate credit rating on the company.

S&P said the outlook revision reflects its current base-case forecast of improved operating performance at Sunrise. The agency anticipates reduced pricing pressures as the majority of its customers have migrated to lower-priced plans, and an improved cost base following the restructuring Sunrise has undertaken over the last 18 months.

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