Ratings

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:

 Moody'sS & PFitch
Long-term ratingBaa1BBB+BBB+
OutlookNegativeCreditWatch NegativeStable
Short-term ratingP-2A-2F2
Current studyDownload (pdf, 1.3 MB)Download (pdf, 284.8 KB)Download (pdf, 17.8 KB)

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:

Rating trends12004Sep 30, 2018
Deutsche TelekomBBB+BBB+
BT GroupA-BBB
KPNA-BBB-
OrangeBBB+BBB+
Telecom ItaliaBBB+BB+
TelefonicaABBB
Telekom AustriaBBBBBB
VodafoneABBB+
Average ratingA-BBB


 1Based on S&P (As of: Sep 30, 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.

Latest Investor Relations publications

Picture results Deutsche Telekom AG

Third quarter 2018

On November 8, 2018 Deutsche Telekom published its financial results for the third quarter 2018.

The next Investor Relations events in detail

Your Contact

You have questions about the Telekom Share, financial reports or similar topics? Contact us!

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Investor Relations

Deutsche Telekom

investor.relations@telekom.de

+49 228 181‐88880

+49 228 181‐88899

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Friedrich-Ebert-Allee 140, 53113 Bonn

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Markus Schäfer

Vice President Debt Capital Markets

markus.schaefer01@telekom.de

+49 228 181‐84255

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Friedrich-Ebert-Allee 140, 53113 Bonn

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Christian Kuhlen

Senior Expert Debt Capital Markets

christian.kuhlen@telekom.de

+49 228 181‐87842

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Friedrich-Ebert-Allee 140, 53113 Bonn

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