- Telstra's (OTCPK:TLSYY -0.7%) full-year results support its A2 long-term issuer rating, Moody's says.
- Telstra has extended its average debt maturity to 4.8 years from 4.6 years even as it raised about A$1.6B in long-term debt, Moody's says.
- "Pertinently, the interest cost on the 10-year €750M bond issued in April 2016 was 4.165% and that is the all-in cost swapped back into AUD," the firm wrote.
- Telstra's EBITDA of A$10.5B was in line with 2015; on Moody's adjusted basis, gross debt/EBITDA was up to 1.7 times vs. 1.6 times in 2015, but net debt/EBITDA was flat at 1.4 times.