TELEKOM SLOVENIJE, d.d., Ljubljana
S&P Upholds BB+ Credit Rating for Telekom Slovenije, d.d.
Pursuant to paragraph 1 of Article 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, Article 136 of the Financial Instruments Market Act, Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., Cigaletova 15, Ljubljana, hereby publishes the following notification:
The Standard & Poor’s global ratings agency upheld the existing BB+ rating for Telekom Slovenije, d d. on 4 July 2018, putting the company on credit watch negative. Standard and Poor’s based the rating on the fact that the company paid significantly higher dividends than expected, which resulted in greater pressure on future liquidity.
This notification will also be available on the company’s website (www.telekom.si) for a period of at least 5 years.
Management Board of Telekom Slovenije, d.d.