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
Net Debt / EBITDAaL ratio
In line with the medium-term objective of around 2x
Liquidity position (telecom activities)
Orange's debt ratings
| Indicator | Standard & Poor's | Moody's | Fitch Ratings |
|---|---|---|---|
| Long-term period debt | BBB+ | Baa1 | BBB+ |
| Outlook | Stable | Positive | Stable |
| Short-term period debt | A2 | P2 | F2 |
Green, Social, Sustainability Bonds
Information regarding Orange’s green, social and sustainability financings (Frameworks, Second Party Opinion, reportings) is available in the Investors’ Library”.
EMTN programme
Orange has a €40 billion Euro Medium Term Notes 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.