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TEF - Moodys Credit Rating of Telefónica

Tue, 8th Nov 2016 07:00

RNS Number : 5497O
Telefonica SA
07 November 2016

RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES

General Secretary and

Secretary to the Board of Directors

TELEFÓNICA, S.A.

TELEFÓNICA, S.A. as provided in article 228 of the Spanish Securities Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Today, Monday November 7, 2016 the credit rating agency Moody´s Investors Service (Moody's) has published its decision to lower the long-term credit rating of Telefónica, S.A. from Baa2 to Baa3. At the same time, Moody´s has lowered the short-term ratings to Prime-3 from Prime-2. The outlook on the ratings is stable.

Madrid, November 7, 2016.

This information is provided by RNS
The company news service from the London Stock Exchange
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