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Debt and rating

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

 Debt information 2022

 

Orange's debt ratings

 

Standard & Poor's


Moody's


Fitch Ratings


Long-term period debt


BBB+


Baa1


BBB+


Outlook


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 30 June 2021, 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.

 

 

Find all the information available for investors and analysts.

 

Investors' Library

Find all our latest financial information as well as our document library for investors and analysts.