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Eircom gets Standard and Poor's stable ratings boost

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Eircom group headquarters in Dublin

Eircom group headquarters in Dublin

Eircom group headquarters in Dublin

STANDARD and Poor's has upgraded its outlook for Eircom to stable from negative, stating that margins and earnings at the telecoms firm are likely to improve.

The ratings agency also affirmed Eircom's "B" rating. "Eircom has made significant investments in fixed-line and mobile infrastructure over the past 12 months, compensating for previous years of underinvestment," said a note by S&P.

"The stable outlook reflects our view that Eircom's revenues and cash position will reach their lowest point in June 2014 and that its margins will improve over the next two years."

Online Editors