DNA PLC STOCK EXCHANGE RELEASE 2 MARCH 2018, 9:30 AM (EET)
DNA Plc received a long term credit rating of BBB, Outlook stable
Standard & Poor's Global Ratings has assessed DNA's credit quality and outlook and has assigned BBB long term issuer credit rating to DNA. The outlook is stable.
"The rating reflects DNA's leading market position in the Finnish cable TV market and its well-established and increasing presence in mobile and fixed broadband, paired with our expectations that DNA will maintain low leverage and strong free cash flow generation," states Standard & Poor's in its report.
Further information:
CFO Timo Karppinen, DNA Plc, +358 (0)44 044 5007, timo.karppinen@dna.fi
Head of Treasury Jaakko Happo, DNA Oyj, +358 (0)44 044 8018, jaakko.happo@dna.fi
Head of IR Marja Mäkinen, DNA Plc, +358 (0)44 044 1262, marja.makinen@dna.fi
DNA Corporate Communications, tel. +358 (0)44 044 8000, communications@dna.fi
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. For DNA, the key area for growth in corporate business is the new way of working, independent of time and place, facilitated by smart terminal devices, diverse communications services and rapid connections. In 2017, DNA recorded net sales of EUR 886 million and an operating profit of EUR 124 million. DNA has more than 3.9 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.