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Bulletin: Ratings On Nippon Telegraph&Telephone Unaffected By Planned Acquisition Of Dimension Data

Published Jul 16, 2010

1059 words — Published Jul 16, 2010

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Abstract:

TOKYO (Standard&Poor's) July 16, 2010--Standard&Poor's Ratings Services said today that its ratings on Nippon Telegraph&Telephone Corp. (NTT; AA/Stable/A-1+) would be unaffected by the announcement that the company will acquire Dimension Data Holdings PLC (Dimension Data), a major British IT company based in South Africa, through a cash tender offer. NTT plans to fund the acquisition price of up to approximately £2.12 billion (about ¥286 billion) with a combination of cash in hand and borrowings from a credit facility provided by Bank of Tokyo-Mitsubishi UFJ Ltd. (A+/Stable/A-1). Standard&Poor's believes that the negative impact of the tender offer, if it materializes, on NTT's financial profile would be temporary and minor, given NTT's stable operating

Brief Excerpt:

RESEARCH Bulletin: Ratings On Nippon Telegraph & Telephone Unaffected By Planned Acquisition Of Dimension Data Publication date: 16-Jul-2010 Primary Credit Analyst: Osamu Kobayashi, Tokyo (81) 3-4550-8494; osamu_kobayashi@standardandpoors.com...

Report Type:

Bulletin

Ticker

9432@JP

Issuer

Nippon Telegraph&Telephone Corp.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers, Structured Finance

Country

Japan

Region

Latin America

Format:

HTML

Nippon Telegraph&Telephone Corp. – 2010/11/10 – US$ 500.00

Summary: Nippon Telegraph&Telephone Corp. – 2010/11/11 – US$ 225.00

NTT?s Domestic Bond Rated 'AA' – 2011/01/18 – US$ 150.00

Ratings On Eight Japanese Corporations Affirmed Following Sovereign Downgrade – 2011/01/28 – US$ 150.00

NTT?s Domestic Bonds Rated 'AA' – 2011/05/24 – US$ 150.00

Ratings On NTT, NTT DoCoMo, And NTT Finance Affirmed; Outlook Stable Upon Japan's Outlook Change – 2010/01/26 – US$ 150.00

Ratings On NTT, NTT DoCoMo, And NTT Finance Raised To 'AA'; Outlook Stable – 2007/05/21 – US$ 150.00

NTT's Swiss Franc Bonds Assigned 'AA-' Rating – 2007/02/22 – US$ 150.00

NTT's Swiss Franc Bonds Assigned 'AA-' Rating – 2006/02/15 – US$ 150.00

Summary: Nippon Telegraph&Telephone Corp. – 2006/01/20 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Nippon Telegraph&Telephone Unaffected By Planned Acquisition Of Dimension Data" Jul 16, 2010. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Nippon-Telegraph-Telephone-Unaffected-By-Planned-Acquisition-Of-Dimension-Data-809647>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Nippon Telegraph&Telephone Unaffected By Planned Acquisition Of Dimension Data Jul 16, 2010. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Nippon-Telegraph-Telephone-Unaffected-By-Planned-Acquisition-Of-Dimension-Data-809647>

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