Press Releases

Standard&Poor's changes its rating on Matáv

Budapest, April 9, 2002

Matáv (NYSE: MTA.N and BSE: MTAV.BU), the leading Hungarian telecommunications service provider announces that Standard and Poor’s today lowered its long-term corporate credit ratings on Matáv to triple-'B'-plus from single-'A'-minus.

The downgrade follows the downgrade of Matáv's parent, Deutsche Telekom AG (BBB+/Stable/A-2).