LONDON (Standard&Poor's CreditWire) March 28, 2000--Standard&Poor's today affirmed its double-'A'-minus/'A-1'-plus corporate credit ratings on Deutsche Telekom AG. Deutsche Telekom is the incumbent telecommunications service provider in Germany. The outlook is stable. The following ratings were also affirmed today: -- Deutsche Telekom's 'AA-' senior unsecured rating. -- Deutsche Telekom International Finance B.V.'s 'AA-' senior unsecured and 'A-1+' short-term debt ratings, guaranteed by Deutsche Telekom AG. The affirmation follows the announcement that Deutsche Telekom has agreed to pay DaimlerChrysler AG (A+/Stable/A-1) about euro (Eur) 2.8 billion in cash for a 50.1% stake in the financial and information technology services company debis Systemhaus GmbH. This transaction, which provides Deutsche Telekom with management control of debis Systemhaus, is expected to
