1026 GMT Danish telecom TDC may be committed to staying an investment grade rating at the moment but UniCredit sees a risk of the management being tempted to accept a downgrade to high yield. This will be either to spur growth through M&A or to avoid a potential takeover by private equity investors, according to credit analyst Stephan Haber. He has an underweight recommendation on TDC bonds and suggests investors reduce positions before the end of the year. (tasos.vossos[a]wsj.com, [a]tasosvos)
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