Moody's upgrades European govt-linked companies

Newswire

LONDON, June 23 (Reuters) - Credit ratings agency Moody's Investors Service on Thursday said it upgraded a swathe of European companies, including some of the continent's biggest borrowers, after a review of their links to governments.

Among the largest borrowers upgraded were France Telecom and Deutsche Telekom , both raised by one notch to A3 from Baa1, the ratings agency said. Also in the telecoms sector, Moody's upgraded Belgacom and Telekom Austria .

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