France Telecom faces rating downgrade

More bad news for beleaguered telco...

By Aled Herbert, 11 June 2002 10:25

NEWS France Telecom bonds are still under pressure as investors continue to fret about the telco's precarious credit rating. Investment analysts Moody's yesterday said it was planning to complete its rating review of the company by the end of June. The company said it could slash its rating by two notches. Standard and Poor's is also reviewing its rating for the company which is currently struggling with a debt mountain that some place at around E70bn (£42bn).

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