Fitch Affirms Deutsche Telekom at 'BBB+'; Outlook Stable
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Fitch Ratings has affirmed Deutsche Telekom AG's (DT) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+'. The Outlook on the IDR is Stable. DT's strong operating profile, significant financial flexibility, and diversified international portfolio support this rating. Key factors include robust US operations through T-Mobile US, sustainable domestic market leadership, and profitable European operations. DT projects EUR15 billion cumulative surplus cashflows by 2027. Fitch has adjusted the upgrade leverage threshold due to increased shareholding in TMUS and improved financial flexibility.
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