Fitch Downgrades Portugal Telecom SGPS SA's Long-Term Rating

Friday, 16 Aug 2013 07:11am EDT 

Portugal Telecom SGPS SA announced that Fitch announced its review of the credit rating attributed to Portugal Telecom SGPS SA (PT) and the ratings of its fully owned subsidiary PT International Finance BV (PTIF), downgrading the long-term rating from BBB to BBB-. The outlook remains negative. 

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