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TEXT-Fitch afrms Vivendi at 'BBB';otlk stbl

Feb 27 - Fitch Ratings has affirmed Vivendi SA's
(Vivendi) Long-term Issuer Default Rating (IDR) and senior
unsecured rating at 'BBB'. The Outlook on the Long-term IDR is
Stable. The affirmation follows the agency considering the
likely impact on the French market of the entry of a fourth
mobile operator, Iliad.


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