Friday, 21 July 2017

BT revenues will continue to fall, but outlook positive – Moody's

By Mary Lennighan, Total Telecom
Friday 14 September 12

Ratings firm upgrades U.K. incumbent's outlook thanks to solid operating performance and strong free cash flow generation.

Moody's on Friday upgraded the outlook on BT ratings to positive from stable, despite its expectation that the U.K. incumbent's revenue decline will continue, citing its resilient operating performance, focus on cash flow generation and efforts to reduce its pension deficit. "Changing the outlook to positive reflects our expectation that BT's credit metrics will continue to improve over the medium term…

Moody's on Friday upgraded the outlook on BT ratings to positive from stable, despite its expectation that the U.K. incumbent's revenue decline will continue, citing its resilient operating performance, focus on cash flow generation and efforts to reduce its pension deficit. "Changing the outlook to positive reflects our expectation that BT's credit metrics will continue to improve over the medium term…

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