The Group maintain the objective of a ratio net debt to Telecom EBITDAaL around 2x in the medium term in order to preserve Orange's financial strength and investment capacity.
Information on debt
Orange's debt ratings
|
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 |
. |
Ramon Fernandez and Elizabeth Tchounghi tell us more about Orange's Sustainability and Financing Framework
EMTN programme
On 20 June 2020, Orange renewed its €35 billion Euro Medium Term Note programme.
The Programme’s Base Prospectus and all related documentation are available in the Investors' Library.
Orange’s debt securities bought back
More information regarding Orange’s debt securities bought back during each half is available in our Investors' Library.