Rating and 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.

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