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Fitch Ratings Assigns Ei Towers SpA's a BBB Long-Term Issuer Default Rating With Stable Outlook


Wednesday, 10 Apr 2013 12:09pm EDT 

Ei Towers SpA announced that Fitch Ratings has assigned Ei Towers SpA (EIT) a Long-term Issuer Default Rating (IDR) of BBB with a Stable Outlook. The rating agency also assigned a BBB(EXP) senior unsecured rating to EIT’s planned bond issuance of up to EUR 250 million. The rating is motivated by the Company’s visible, non-cyclical and inflation linked revenue streams. These are underpinned by long-term contracts to rent space on its towers for radio and TV broadcast and telecoms transmission equipment. 

Company Quote

38.63
-0.02 -0.05%
7:08am EDT