tag:blogger.com,1999:blog-2175221250397068442.post5288015710906092007..comments2023-09-20T14:49:49.816+02:00Comments on fasesdelabolsa: Moodys rebaja rating Telefónica por situación de EspañaBilliehttp://www.blogger.com/profile/10170799879562687416noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2175221250397068442.post-60936197722500232022012-06-20T12:35:51.917+02:002012-06-20T12:35:51.917+02:00MADRID (MarketWatch)
Shares of Telefonica SA fel...MADRID (MarketWatch) <br />Shares of Telefonica SA fell 0.8% on Wednesday after Moody's Investors Service downgraded the telcommunications provider. Moody's said the Spanish economic crisis will continue to weigh on consumer spending, and in turn, the telecommunications provider's domestic revenue. The ratings firm cut Telefonica's long-term senior unsecured and issuer ratings to Baa2 from Baa1, and cut ratings of its guaranteed subsidiaries as well. Those ratings all remain on review for further downgrades. Telefonica "does not have the domestic or financial strength, or sufficiently robust access to liquidity, to distance itself from the current and future credit environment implied by the sovereign's Baa3 rating," said Carlos Winzer, a Moody's senior vice president. The ratings firm said it believes that the required strengthening of the company's financial ratios and challenging domestic and international operations will increase its overall business and financial risk.geniopolis.nethttps://www.blogger.com/profile/11496455762705098909noreply@blogger.com