Fitch Downgrades Teller A/S to 'BB'; Outlook Negative

April 9, 2015 2:21 PM

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(The following statement was released by the rating agency) LONDON, April 09 (Fitch) Fitch Ratings has downgraded Teller A/S's (Teller) Long-term Issuer Default Rating (IDR) to 'BB' from 'BB+'.

The Outlook has been revised to Negative from Stable. Following completion of the merger of Teller AS into Teller, the ratings of Teller AS have been withdrawn. A full list of rating actions is available at the end of this commentary. KEY RATING DRIVERS - IDR The downgrade reflects Fitch's expectati...

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