Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Telefonaktiebolaget LM Ericsson > News item |
Moody's alters Ericsson view to positive
Moody's Investors Service said it changed to positive from stable the outlook on the ratings of Telefonaktiebolaget LM Ericsson. Concurrently, the agency affirmed the company's Ba1 corporate family rating, its Ba1-PD probability of default rating and the Ba1 senior unsecured long-term debt ratings.
"The outlook change to positive from stable reflects the successful execution of the company's strategy which continues to lead to a significant improvement in the company's operating performance and margins," said Ernesto Bisagno, a Moody's vice president, senior credit officer and lead analyst for Ericsson, in a press release.
"It also reflects our expectation that Ericsson's credit metrics will continue improving over the next two years driven by the steady growth of the radio access network (RAN) market and the reduction of operating losses in the digital service (DS) segment," Bisagno added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.