Rome

Fitch cuts Telecom Italia's rating

Downgrades Long-term Issuer Default Rating to BBB-

Fitch cuts Telecom Italia's rating

Rome, August 5 - Fitch said Monday that it has cut Telecom Italia's Long-term Issuer Default Rating (IDR) to 'BBB-' from 'BBB', with a negative outlook. The ratings agency said the "downgrade reflects the worsening operating conditions in TI's domestic business due to regulatory pressure, a continued mobile price war and a weak economic environment".

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