Telekom Slovenije says Moody's rating affirmed at Ba2

"[..] tougher macroeconomic situation in the country and increased regulatory and competition pressure should negatively affect the operations and results of Telekom Slovenije [..] also in the future," a statement issued by the telco quoted Moody's as saying. 

"Moody’s based its rating on increased pressure on the company’s liquidity position, especially in the light of risks associated with refinancing of the existing obligations and high dependency on the domestic banking system," Telekom Slovenije said, adding that the rating also reflects the uncertainty related to the planned sale of a majority stake in the company.

Earlier this month, state holding company SDH told SeeNews investors interested in a 72.75% stake in Telekom Slovenije that is up for sale have been asked to prepare their binding bids.

In the sale process, SDH is acting on behalf of the Slovenian state, Kapitalska Druzba, Pozavarovalnica Sava and Zavarovalnica Triglav.

Telekom Slovenije is the biggest among the 15 companies approved for privatization by the Slovenian parliament in June 2013.