Interest payments set to rise...
By Kate Hanaghan, 9 April 2002 08:58
NEWS A move yesterday to cut the credit rating of Deutsche Telekom was welcomed by bondholders. The reduced rating will be matched by an increase in the amount of interest paid - though not all of its bonds will be affected, which has pleased some bondholders. This relates to a safeguard introduced to protect against the declining credit ratings of telecoms companies. Standard and Poor downgraded the company's long term debt rating from a BBB+ from A-.
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