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S&P revises Magyar Telekom outlook to negative

Magyar Telekom Nyrt, the leading Hungarian telecommunications service provider, announced that Standard & Poor’s had revised its outlook for the Company from stable to negative while affirming the A- rating yesterday. The move follows the outlook revision for Magyar Telekom’s parent, Deutsche Telekom AG (A-/Negative/A-2). The credit rating agency said earlier that Magyar Telekom’s ratings would move in line with those of its parent for as long as Standard & Poor’s regarded Magyar Telekom as a strategically important investment for Deutsche Telekom. (bet.hu)