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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  TIM Participações S.A.    TIMP3   BRTIMPACNOR1

TIM PARTICIPAÇÕES S.A.

(TIMP3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 10/09
13.46 BRL   -0.88%
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TIM Participações S A : Fitch assigns first-time “AAA(bra)” national scale rating to TIM S.A.

11/17/2020 | 04:57pm EST

TIM S.A.

Publicly-Held Company

Corporate Taxpayer's ID (CNPJ/ME): 02.421.421/0001-11

Corporate Registry (NIRE): 33.300.324.631

NOTICE TO THE MARKET

Fitch assigns first-time "AAA(bra)" national scale rating to TIM S.A.

TIM S.A. ("TSA" or "Company") (B3: TIMS3; NYSE: TIMB), informs its shareholders, the market in general and other interested parties that, on this date, the credit rating agency Fitch Ratings ("Fitch") assigned to the Company the Initial Long-Term Rating on a National Scale "AAA(bra)", with a stable outlook. Concurrently, Fitch has withdrawn TIM Participações S.A. "AAA(bra)" national scale rating, as it was incorporated by TIM and no longer exists.

In Fitch's view, TIM's rating reflects its strong business profile, supported by its relevant participation in the mobile telephony sector, as well as the Company's conservative financial metrics, with reduced financial leverage and robust liquidity position. The analysis also incorporates the expectation that TIM will present growing cash flows from operations and that the Company is prepared to deal with the competitive and regulated telecommunications sector in Brazil.

The original Fitch's note is available for access here.

Rio de Janeiro, November 17th, 2020.

TIM S.A.

Adrian Calaza

Chief Financial Officer and

Investor Relations Officer

Classificado como Público

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

TIM SA published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 21:56:03 UTC


© Publicnow 2020
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Financials
Sales 2020 17 245 M - -
Net income 2020 1 367 M - -
Net Debt 2020 4 905 M - -
P/E ratio 2020 24,0x
Yield 2020 3,79%
Capitalization 32 579 M 5 783 M -
EV / Sales 2020 2,17x
EV / Sales 2021 1,97x
Nbr of Employees 9 608
Free-Float -
Chart TIM PARTICIPAÇÕES S.A.
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TIM Participações S.A. Technical Analysis Chart | TIMP3 | BRTIMPACNOR1 | MarketScreener
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