Fitch applies BBB to Cetin

Fitch Ratings said it assigned a long-term issuer default rating of BBB to Ceska telekomunikacni infrastruktura a.s. (Cetin).

The outlook is stable.

Fitch said the rating reflects Cetin's ownership of core national network infrastructure in the Czech Republic, long-term contracts that reduce operating risks and drive improved visibility and stability of cash flows, strong cash generating capability and a measured financial policy that is supported by a flexible shareholder remuneration policy.

The agency said it deems risks related to customer concentration and contract renewal with its main wholesale customer, O2 Czech Republic (O2) as manageable for the rating.

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