T-Mobile Secures First-Ever Full Investment Grade Rating
August 05 2022 - 2:10PM
Business Wire
Three IG ratings lead to full IG rating that
reflects confidence in the Un-carrier’s strong operational and
financial performance and customer-first focus
T-Mobile US, Inc. (NASDAQ: TMUS) today announced that following
an investment grade issuer rating from S&P Global Ratings
(S&P) – the third it has received from credit rating agencies –
the company now has its first-ever full investment grade rating.
S&P has assigned the Company a BBB- with positive outlook. This
follows the company securing a Baa3 rating with a stable outlook
from Moody’s and a BBB- rating with a positive outlook from
Fitch.
This full investment grade rating comes as a result of
T-Mobile’s successful operational and financial performance, which
is consistently demonstrated through strong subscriber growth and
the company’s ability to translate that into increasing free cash
flow.
“Achieving a full investment grade rating is an important
milestone for T-Mobile that reflects the leading credit rating
agencies’ positive outlook on our Un-carrier leadership strategy
that is rooted in an unwavering focus on putting customers first,”
said Peter Osvaldik, T-Mobile chief financial officer. “This ‘clean
sweep’ in upgrades provides T-Mobile with the ability to unlock
full access to the deep investment grade debt markets, which will
further fuel our growth and momentum toward our mission of being
the very best at connecting customers to their world.”
About T-Mobile US, Inc.
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile’s customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile provides services through its
subsidiaries and operates its flagship brands, T-Mobile and Metro
by T-Mobile. For more information please visit:
https://www.t-mobile.com.
Forward-Looking Statements
This communication includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking statements. These forward-looking statements are
generally identified by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could” or similar
expressions. Forward-looking statements are based on current
expectations and assumptions, which are subject to risks and
uncertainties that may cause actual results to differ materially
from the forward-looking statements. These risks and uncertainties
include those related to the Company’s operational and financial
performance and the Company’s ability to access investment grade
debt markets. Given these risks and uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. We undertake no obligation to revise or publicly
release the results of any revision to these forward-looking
statements, except as required by law.
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Media Contact T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
Investor Relations Contact T-Mobile US, Inc.
investor.relations@t-mobile.com http://investor.t-mobile.com
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