01.02.2016 12:24:00
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TDC A/S -- Moody's affirms TDC's Baa3 ratings on planned dividend cut; stable outlook
Madrid, February 01, 2016 -- Moody's Investors Service has today affirmed the Baa3 issuer and Baa3/(P)Baa3 senior unsecured ratings and Ba2/(P)Ba2 junior subordinated ratings of Denmark-based telecoms company TDC A/S, following its recently announced plans to reduce dividend payouts to offset anticipated weak operating performance in 2016. The outlook on all ratings remains stable.