Moody's raises Telecom Italia rating to Ba1 on deleveraging
Moody's upgraded Telecom Italia to Ba1 citing its deleveraged balance sheet. The agency expects positive free cash flow and debt repayment through 2028.
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Moody's upgraded Telecom Italia's long-term corporate family rating to Ba1 from Ba2 on Monday. The upgrade follows the execution of a strategic plan that structurally deleveraged the balance sheet, improving credit metrics for the telecommunications provider.
