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Why Did S&P Assign TPG Telecom a BBB Rating with a Negative Outlook?
10:41am on Tuesday 5th of August, 2025 AEST
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Telecommunications
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Why Did S&P Assign TPG Telecom a BBB Rating with a Negative Outlook?
10:41am on Tuesday 5th of August, 2025 AEST
Key Points
TPG receives A$4.7 billion net proceeds from asset sale to Vocus
S&P assigns BBB rating with negative outlook due to execution risks
Expected debt-to-EBITDA ratio to improve to about 2.5x by 2026
Network sharing agreements treated as debt add complexity
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Tpg Telecom (ASX:TPG)
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