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 German  English

Daraus folgert Cégétel, allein die Tatsache, dass FT den Staat im Rücken habe, verschaffe ihm gegenüber Investoren einen beachtlichen Vorteil und habe eine weitere Herabstufung durch die Ratingagenturen verhindert, obwohl sich das Unternehmen von vornherein in einer ausweglosen Situation befunden habe. [EU] Cégétel concludes from this that the mere fact of being backed by the State confers a considerable advantage vis-ŕ-vis investors and prevented any further downgrading of France Télécom's credit rating by the rating agencies despite the fact that the operator appeared to be in an insoluble situation.

The example sentences [G] were kindly provided by the Goethe Institute.
Sentences marked by [EU] derived from DGT Multilingual Translation Memory. The European Commission retains ownership of the copyright in the original data.
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