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Ericsson responds to BB+ rating by Standard & Poor's
Standard & Poor's today announced that it has downgraded the long-term credit rating of Ericsson from BBB- to BB+, maintaining their CreditWatch status pending completion of the rights offering. Ericsson's ratings from Standard & Poor's and Moody's Investor Services are now aligned. The downgrade has no effect on Ericsson's rights offering.
Ericsson kommenterar Standard & Poor's nya kreditvärdering
Kreditinstitutet Standard & Poor's har idag nedgraderat den långsiktiga kreditvärderingen av Ericsson från BBB- till BB+, samtidigt som de behåller sin kreditbevakning tills nyemissionen är avslutad. Standard & Poor's kreditvärdering är nu i linje med den värdering som görs av Moody's Investor Services. Nedgraderingen har ingen effekt på Ericssons nyemission.
Ericsson files amendment to F-3 Registration Statement with the Securities and Exchange Commission
In connection with the proposed rights offering, Ericsson has filed an amendment to the Registration Statement on Form F-3 with the United States Securities and Exchange Commission (SEC).
Ericsson responds to Ba1 rating by Moody's
Moody’s Investor Services today announced that it has downgraded the long-term credit rating of Ericsson from Baa3 to Ba1 and continues to review its rating for possible further downgrade pending completion of the rights offering. The action does not affect the underwriting of the rights offering.
Ericsson Supplies MMS Infrastructure to Turkcell
Ericsson has supplied the complete infrastructure of MMS to Turkcell after signing an agreement in May 2002. Turkcell launched MMS service on July 17, 2002. Through Ericsson Mobility World in Turkey Ericsson also gives support to Turkcell for content and applications development.