Creditreform Rating has confirmed the unsolicited corporate issuer rating of Deutsche Telekom International Finance B.V. with BBB+. The outlook remains stable. Due to the close relationship between Deutsche Telekom AG and Deutsche Telekom International Finance B.V., we derive the unsolicited corporate issuer rating of Deutsche Telekom International Finance B.V. from the unsolicited corporate issuer rating of Deutsche Telekom AG and set it equal to it (BBB+ / stable).
Creditreform Rating has updated the unsolicited corporate rating of Deutsche Telekom International Finance B.V. (DTIF) and confirmed it at BBB+ with stable outlook. The rating assessment is derived from the unsolicited corporate issuer rating of the parent company Deutsche Telekom AG (BBB+ / stable) due to corporate and liability laws as well as financial and strategic interdependencies. Key factor for the assessment of Deutsche Telekom AG is the operational and financial capacity which derives from a sustained positive business development despite a high intensity of competition and the fast moving and capital intensive business. The capital market capability which has been proved over the years acts as a stabilizer as well. The positive turnover and result trend of this year compensates the weaker annual result of 2018, but the increased financial indebtedness has a dampening effect on the rating. The group, which is one of the leading global telecommunication companies, should be able to deal with the operative and financial challenges connected to the 5G network expansion and the planned merger of TMUS and Sprint.
Creditreform Rating has carried out an unsolicited rating of Deutsche Telekom International Finance B.V. The rating has been set to BBB+ with stable outlook.