Wednesday, 17 October 2018

Telecom Italia downgraded by Moody's after Bernabe resignation

By Mary Lennighan, Total Telecom
Wednesday 09 October 13

Italian incumbent will struggle to meet 2013 EBITDA, net debt reduction targets, ratings agency warns.

Moody's on Tuesday downgraded Telecom Italia's credit rating to junk status as a result of its failure to strengthen its balance sheet, something that now looks increasingly unlikely following the departure of CEO Franco Bernabe last week…

Moody's on Tuesday downgraded Telecom Italia's credit rating to junk status as a result of its failure to strengthen its balance sheet, something that now looks increasingly unlikely following the departure of CEO Franco Bernabe last week…

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