Fitch: Ericsson view negative

Fitch Ratings said it revised the outlook on Telefonaktiebolaget LM Ericsson's issuer default rating to negative from stable and affirmed the issuer default rating and senior unsecured rating at BBB+.

The agency said the revision of the outlook reflects concerns over an increasingly competitive telecoms equipment supply industry, as well maturing telecoms service markets.

These adverse market conditions are weighing on Ericsson's operating and free cash flow margins, which began to weaken in 2011 and remained so in 2012.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.