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Fitch Affirms BT Group Rating on Business Profile, Cash Flow

MT Newswires·07/21/2026 00:10:28
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12:10 AM EDT, 07/21/2026 (MT Newswires) -- Fitch Ratings maintained its BBB long-term issuer rating and stable outlook on BT Group (BT-A.L), citing the company's business profile and gradual improvement in cash flow. In a Monday release, the rating agency highlighted the British telecommunications holding company's market position, competition in the fixed-network sector, and consolidation in the market as among the factors contributing to the rating. Fitch forecasts the company's free cash flow margins to be "broadly neutral" in fiscal 2027, with a positive growth projected in 2028 then reaching mid-single digits in 2030. Meanwhile, the rating agency said it expects a "just under 2%" decline in BT's revenue in fiscal 2027.