NY -- Standard&Poor's CreditWire 10/26/95 -- In conjunction with its French affiliate S&P-ADEF, Standard&Poor's affirms its triple-`A' long-term rating and `A-1'-plus short-term ratings on the debt of France Telecom. The long-term rating outlook is negative. The ratings reflect France Telecom's formidable cash-generating capacity and operational strength as well as continuing implicit support for its obligations by the Republic of France. The 100% state-owned company is the owner and proprietor of the French national telephone network and, ranked by turnover, is the world's fourth-largest telephone utility. In its principal activity of fixed-network voice telephony, which produces just under 80% of consolidated group revenues, France Telecom presently has a national monopoly. However, France has agreed with other EU
