14.10.2016 03:03:00
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Telefonaktiebolaget LM Ericsson -- Moody's downgrades Ericsson's ratings to Baa2; ratings on review for further downgrade
London, 14 October 2016 -- Moody's Investors Service ("Moody's") has today downgraded to Baa2 from Baa1 the senior unsecured debt ratings and to (P)Baa2 from (P)Baa1 the MTN program rating of Telefonaktiebolaget LM Ericsson ("Ericsson"). At the same time, the agency has placed the company's Baa2/(P)Baa2 ratings on review for further downgrade. Moody's expects to conclude the review within a maximum timeframe of three months.