Moody's changes outlook on BT to negative; affirms Baa1 ratings
Madrid, January 26, 2017-- Moody's Investors Service, has today changed the outlook on British Telecommunications Plc and British Telecom Finance B.V to negative from stable, following the company's recent revision in performance expectations for the current year-end 2016/ 17 and the following year 2017/ 18. The reductions reflect the conclusion of the independent review in the Italian business and pressures in UK public sector and international services.
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