FRANKFURT (Standard&Poor's) June 20, 2007--Standard&Poor's Ratings Services said today it revised its outlook on Austrian telecommunications operator Telekom Austria AG to stable from positive, following a review of the group's business prospects and financial plans. At the same time, the long- and short-term corporate credit ratings were affirmed at 'BBB+' and 'A-2'. "The outlook revision reflects Telekom Austria's overall modest trading prospects due to fierce competitive pressure in Austria, the expected negative impact of the significant reduction of international roaming charges initiated by the European Commission, and lower growth prospects for its international mobile subsidiaries," said Standard&Poor's credit analyst Matthias Raab. "It also acknowledges management's readiness to accept a deterioration in credit quality to
