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NTT's US$500M Eurobond Rtd `AAA' by S&P;Otlk Neg

Published Apr 25, 1997

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Abstract:

LONDON -- Standard&Poor's CreditWire 4/25/97 -- Standard&Poor's today has assigned its triple-`A' rating on Nippon Telegraph and Telephone Corp.'s (NTT) US$500 million 6.750% Eurobond due May 16, 2002. The rating outlook is negative. The rating is based on NTT's dominant position and important role in the Japanese telecommunications market and strong cash flow and financial profile among major international peers. Despite increased penetration by Japan's new common carriers, NTT maintains a very strong share of the domestic telephone market. Company earnings are improving as a result of successful rate rebalancing and continued growth of the Japanese cellular phone market. NTT's financial profile also remains solid. Strong internal cash flow covers a large portion of its capital

Report Type:

Ratings Action

Ticker

9432@JP

Issuer

Nippon Telegraph&Telephone Corp.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers, Structured Finance

Country

Japan

Region

Latin America

Format:

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MLA:	S&P Global Ratings’ Credit Research. "NTT's US$500M Eurobond Rtd `AAA' by S&P;Otlk Neg" Apr 25, 1997. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/NTT-s-US-500M-Eurobond-Rtd-AAA-by-S-P-Otlk-Neg-79904>

APA:	S&P Global Ratings’ Credit Research. (). NTT's US$500M Eurobond Rtd `AAA' by S&P;Otlk Neg Apr 25, 1997. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/NTT-s-US-500M-Eurobond-Rtd-AAA-by-S-P-Otlk-Neg-79904>

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