Rating and information on debt

The Group maintain the objective of a ratio net debt to Telecom adjusted EBITDA around 2x in the medium term in order to preserve Orange's financial strength and investment capacity. Net debt was at €m 24,555 at the end of June 2017.

informations on debt

 

Orange's debt ratings at the end of June 2017 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


Positive


Short-term period debt


A2


P2


F2


.


 

See also

presentations for bond investors

 

EMTN Programme

 

Orange’s debt securities bought back