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GreekReporter.comGreek NewsEconomyMoody΄s Downgraded OTE To Baa3 From Baa2

Moody΄s Downgraded OTE To Baa3 From Baa2

Moody΄s Investors Service said on Tuesday it downgraded the long-term issuer rating of Hellenic Telecommunications Organisation (OTE) to Baa3 from Baa2.
Concurrently, Moody΄s has downgraded the senior unsecured ratings on the global medium-term notes (GMTN) and global bonds issued by OTE Plc, OTE´s fully and unconditionally guaranteed subsidiary to Baa3 from Baa2; and OTE΄s short-term debt ratings to Prime-3 from Prime-2.
All ratings remain on review for possible downgrade, said Moody’s in a statement.

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