S&P improved its outlook on OTE

Tuesday, August 1st, 2017
Last Update: 09:31

Standard and Poor΄s rating agency improved its outlook on Hellenic Telecom following the similar move it made on the sovereign on July 21st.

The press release makes reference to the company’s improved outlook given the developments in Greece as it pertains to its operations.

Finally, S&P acknowledges the company’s solid free cash flow generation and continued capacity to pay down debt and that the rating is effectively constrained by the sovereign.Also, S&P revised outlook to Positive after a similar action on the sovereign; ΄B+/B΄ Ratings Affirmed.

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