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Rating and debt

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.

Informations on debt

 

Debt 1H19

 

Orange's debt ratings at September 30th 2019 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

Stable

Short-term period debt

A2

P2

F2

.

 

See also

 

EMTN Programme

Orange’s debt securities bought back

Orange’s debt securities bought back during the 1st half of 2019  Download(68.8 kB)
Orange debt securities bought back during the 2nd half of 2016  Download(67.7 kB)
Orange’s debt securities bought back during the 1st half of 2015  Download(60.5 kB)