NOS SGPS S A : 23-04-21 - NOS informs on review of "BBB-" long term issuer credit rating and stable Outlook by S&P
April 23, 2021 at 12:39 pm EDT
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NOS, SGPS, S.A.
Public Company
Registered Office: Rua Ator António Silva 9 Campo Grande 1600-404 Lisbon
Share Capital: 5,151,613.80 Euros
Registered in the Commercial Registry Office of Lisbon
and Corporation no. 504 453 513
ANNOUNCEMENT
S&P Global Ratings affirms BBB- long term issuer credit rating and stable Outlook
Lisbon, 23 April 2021 Securities code and hereby informs:
Pursuant to the terms and for the purposes of article 248-A of the Portuguese , NOS, SGPS, S.A. (NOS)
-
Outlook.
S&P highlights NOSresilience to the Covid-19 pandemic, which did not materially affect its operation and credit metrics. Also highlighted are the solid competitive position, the quality and capillarity of the fixed and mobile networks and the solid balance sheet, which position the company comfortably at our BBB- rating level .
Maintaining its investment grade long term issuer credit rating with S&P enables NOS to reinforce the conditions to further diversify its sources of funding, extend average debt maturity and continue to reduce the already low average cost of debt.
Nos SGPS SA published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 16:39:00 UTC.
NOS, SGPS, S.A. is a telecoms and entertainment group in Portugal. It offers latest generation fixed and mobile phone, television, Internet, voice and data solutions for all market segments. It is leader in Pay TV, new generation broad band services and in cinema distribution. In the business segment, it has positioned itself as a sustainable alternative in the Corporate and Mass Business segments, offering a broad portfolio of products and services with tailor made solutions for each sector and for businesses of different sizes, complementing its offer with ICT and Cloud services.
NOS, SGPS, S.A. 
