Our credit rating is lowered

Telekomjätten Ericsson gets slap on the wrist. Rating agency Fitch lowers our credit rating to BBB – from BBB.

”This reduction and the negative outlook reflects Ericsson’s warning of a weaker utrustningsmarknad 2017, which implies a higher pressure on revenues and operating profit.We believe that the market outlook will be continued to be challenging in 2018, in light of the absence of clear intäktsdrivkrafter in the short and medium term.The company’s effort to streamline operations and improve profitability contains considerable risks in execution, and visibility is limited with regard to Ericsson’s operational profile after the restructuring and a competitive market for telecom equipment,” writes the rating agency Fitch.

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