In order to preserve its financial strength and capacity to invest, the Group aims to return to a net debt/EBITDA ratio of close to two at the end of 2014.
Net debt was at €m 30,545 at the end of 2012.
France Telecom's debt ratings at April 22, 2013 were as follows:
|
| Standard & Poor's | Moody's | Fitch IBCA |
| long-term period debt | BBB+ | A3 | BBB+ |
| outlook | stable | negative | stable |
| short-term period debt | A2 | P2 | F2 |
last update: 16 May 2013
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