Fitch lifts Telstra outlook

Fitch Ratings said it revised Telstra Corporation Ltd's outlook to stable from negative.

The agency said it affirmed the long-term issuer default rating and senior unsecured rating on the company at A. The agency said it also affirmed the short-term issuer default rating and commercial paper rating at F1.

Fitch said the outlook revision and ratings reflect that, the now contractual, future cash receipts from NBN Co Ltd. will largely mitigate the company's loss of revenue and higher business risk following transfer of public switched telephone network infrastructure to NBN.

According to Fitch, the company announced that it had finalized definitive agreements with NBN and the government on the March 7.

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