TIM (TIMB) has released an update.
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TIM S.A. has retained its ‘AAA(bra)’ National Long-Term Rating from Fitch Ratings, with a stable outlook, reflecting its strong position in the mobile telephony sector and solid financial health. The company’s low financial leverage and robust liquidity, along with expected growth in its post-paid customer base and revenue, contribute to a positive financial forecast. Fitch anticipates TIM will maintain a net leverage below 1.0x, ensuring strong dividend distributions.
For further insights into TIMB stock, check out TipRanks’ Stock Analysis page.