Annual Report 2018
You find the current annual report here.
In order to ensure unhindered access to the debt capital market at all times, Deutsche Telekom has set the following target corridor for its finance strategy: Credit ratings are to be in the solid investment grade, i.e., not over A- and not under BBB.
Deutsche Telekom's current ratings correspond to these requirements:
Compared with most competitors in the telecommunications industry, the development of Deutsche Telekom's rating has been stable over the last few years.
Rating development of European telecommunications companies:
1Based on S&P (As of: Dec 31, 2018)
What is a rating?
Ratings assess the creditworthiness of a company. The rating assesses to what extent the issuer of a bond will be able to meet its obligations for interest and capital repayments also in the future. The published assessments of the independent rating agencies are an important risk indicator for an issued financial instrument.
Deutsche Telekom AG's financial strength is regularly assessed by the international rating agencies Moody's Investors Service, Standard & Poor's, and Fitch Ratings.
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