11:56 AM EDT, 10/27/2026 (MT Newswires) -- Fitch Ratings maintained Cellnex Telecom's (CLNX.MC) long-term issuer default and senior unsecured debt ratings at BBB-, with a stable outlook, according to a Tuesday release. The rating affirmation highlights the Spanish telecommunications infrastructure operator's strong deleveraging capacity, backed by its nearly completed build-to-suit pipeline and profitable land investments. The rating also considers Cellnex's significant portfolio of tower assets across Europe and robust geographic diversification, healthy growth outlook in 2026 and 2027, proactive contract renewal strategy, and controlled market expansion, among others.

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