The plan to restructure France Télécom’s massive debt burden has been well received by investors, says Geraldine Lambe, and the resulting upgrade from Standard & Poor’s heralds the beginning of a more steady outlook for the company.
France Télécom’s upgrade from BBB- to BBB by Standard & Poor’s last month signals the end of the company’s big rally, beginning in October 2002, and the start of a more stable outlook for the French telco.
