Madrid, April 12, 2016 -- After expending large amounts of ammunition to defend their ratings in the downturn of the last four years, weakened European telecoms companies now need to take stock and rebuild their financial strength as the sector's recovery starts to take root, says Moody's Investors Service today in a new report. Telcos turned to asset sales, dividend cuts, hybrid issuance and - as a last resort - rights issues to maintain their credit profiles in the 2011-15 downturn.
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