France Telecom's debt ratings at December 31, 2010 were as follows:
| Standard & Poor's | Moody's | Fitch IBCA | |
| | |||
| long-term debt | A- | A3 | A- |
| | |||
| outlook | stable | stable | stable |
| | |||
| short-term debt | A2 | P2 | F2 |
| | |||
On July 6, 2009, Fitch stated that it was changing its rating on the short term debt to F2 to bring it into line with that of France Telecom's European peers, not to reflect any deterioration in the Group's credit fundamentals. France Telecom's other ratings have been unchanged since June 23, 2005.
disclaimer: the ratings set for FT by the rating agencies reflect the latter's opinions and are their exclusive responsibility.
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