Report title: Research Update: Telefónica O2 Czech Republic a.s. Upgraded To 'A-', In Line With Parent; Outlook Stable
from S&P Credit Research
1033 word report published Dec 03, 2008

Price $175.00 available for immediate download HTML
Report Overview
 
Search Inside
Abstract: On Dec. 3, 2008, Standard&Poor's Ratings Services raised its long-term corporate credit rating on Czech Republic-based integrated fixed and mobile telecommunications operator Telefónica O2 Czech Republic a.s. to 'A-' from 'BBB+'. The outlook is stable. The upgrade is attributable to the company's strong operating performance and prudent financial policy. It also follows the upgrade of 69.4% majority shareholder, Telefonica S.A. (A-/Stable/A-2), which is seen as a strategic shareholder, with de facto control over the Czech subsidiary's business strategy, financial policy, and treasury functions (cash pooling). The revised rating reflects the operator's stand-alone creditworthiness, based on healthy domestic growth in mobile, fixed broadband, and IT/ICT (information and communications technologies) services, continued solid profitability, substantial cash flow generation, and robust

Brief Excerpt: RESEARCH Ratings Definitions Research Update: TelefA¦nica O2 Czech Republic a.s. Upgraded To 'A-', In Line With Parent; Outlook Stable Publication date: 03-Dec-2008 Primary Credit Analyst: Leandro De Torres Zabala, Madrid (34) 91-389-6965;...

Report Type: Research Update
Ticker: SPTT@CP
Issuer: Telefonica O2 Czech Republic a.s.
GICS: Integrated Telecommunication Services (50101020)
Sector: Corporations, Global Issuers, Telecommunications & Cable
Country: Czech Republic
Region: Europe, Middle East, Africa
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 
Also from S&P Credit Research
  • Telefonica O2 Czech Republic a.s.  $400.00
    Strategic ownership by Telefónica S.A. Leading position, in terms of revenues, in the Czech mobile market Robust position in the Czech fixed-line market, capturing good broadband growth Modest financial risk, with sound cash flow generation ... 
  • Summary: Telefonica O2 Czech Republic a.s.  $175.00
    The rating on Telefónica O2 Czech Republic a.s. principally reflects the long-term rating on the company's indirect majority owner, Spain-based Telefónica S.A. (A-/Stable/A-2), which is a strategic shareholder with a 69.4% stake. Additional ... 
  • Summary: Telefonica O2 Czech Republic a.s.  $175.00
    The rating on Telefónica O2 Czech Republic a.s. principally reflects the long-term rating on the company's indirect majority owner, Spain-based Telefónica S.A. (A-/Stable/A-2), which is a strategic shareholder with a 69.4% stake. Additional ... 
  • Telefónica O2 Czech Republic a.s. Upgraded To 'A-', In Line With Parent; Outlook Stable  $100.00
    MADRID (Standard&Poor's) Dec. 3, 2008--Standard&Poor's Ratings Services said today that it has raised its long-term corporate credit rating on Czech Republic-based integrated fixed and mobile telecommunications operator Telefónica O2 Czech ... 
  • Summary: Telefonica O2 Czech Republic a.s.  $175.00
    The ratings on Telefónica O2 Czech Republic a.s. principally reflect the long-term rating on the company's indirect majority owner, Spain-based Telefónica S.A. (BBB+/Positive/A-2), which has a 69.41% stake and is seen as a strategic shareholder. ... 
  • Telefonica O2 Czech Republic a.s.  $400.00
    Strategic ownership by Telefónica S.A. Leading position, in terms of revenues, in the Czech mobile market Robust position in the Czech fixed-line market, capturing good broadband growth Modest financial risk, with sound cash flow generation ... 
  • Summary: Telefonica O2 Czech Republic a.s.  $175.00
    The ratings on Telefónica O2 Czech Republic a.s. principally reflect the long-term rating on the company's indirect majority owner, Spanish telecommunications incumbent Telefónica S.A. (BBB+/Positive/A-2), which is a strategic shareholder. ... 
  • Summary: Telefonica O2 Czech Republic a.s.  $175.00
    The rating on Telefónica O2 Czech Republic a.s. principally reflects the long-term rating on its indirect majority owner Spanish incumbent Telefónica S.A. (BBB+/Positive/A-2). Telefónica O2 Czech Republic's credit quality is also supported ... 
 S&P Credit Research
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Price: $175.00