| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Telecom Italia Mobile > News item |
S&P alters Telecom Italia view to negative
S&P said it revised the outlook for Telecom Italia to negative.
The agency said it forecasts Telecom Italia will cause S&P Global Ratings-adjusted leverage to rise to 4.2x in 2020, outside S&P’s trigger for the rating.
“Leverage will be heightened by weaker domestic EBITDA. We expect fierce competition in the Italian mobile and fixed-line markets will remain, despite calmer churn and promotions during the Covid-19 pandemic,” S&P said in a press release.
From 2021, S&P said it sees stabilizing competition in the Italian mobile market, improving fixed-line trends, and lower cash expenses will help drive cash flow-led deleveraging to 4x, and below.
© 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.