Rating and information on debt

The Group confirms the objective of a restated ratio net debt to EBITDA around 2x in the medium term in order to preserve Orange's financial strength and investment capacity. Net debt was at €m 26,552 at the end of December 2015.

informations on debt

2015 DETTE

 

Orange's debt ratings at the end of December 2015 were as follows:

 

Standard & Poor's
Moody's
Fitch Ratings
Japan Credit Rating
Long-term period debt

BBB+


Baa1


BBB+


A-


Outlook

Stable


Stable


Stable


Stable


Short-term period debt

A2


P2


F2


.


 

See also

presentations for bond investors

 

EMTN Programme

 

Orange’s debt securities bought back