Meantime, several measures have been taken, in particular the appointment of a new team of directors for the regulatory authority (IBPT) and the strengthening of its powers.
This improvement - the greatest in Europe - "reflects the improved regulatory environment and the IBPT's forward-looking regulation," states the report.
DBRS also noted that the bank's ratings are supported by its strong franchise, which has generated strong recurrent revenue and IBPT
while achieving positive operating leverage in recent years.
The European Commission has shown its support, on 3 January, for measures proposed in November 2007 by the telecommunications regulation authority, the IBPT (Institut Belge des services Postaux et des Telecommunications), which will lessen the dominance of the incumbent operator Belgacom.
The Commission's green light was necessary for the IBPT to be able to implement the planned measures, in accordance with the so-called article 7' procedure of the European framework directive on the telecommunications market (2002/21/EC).
The case dates back to a decision by the Institut Belge des Services Postaux et des Telecommunications (IBPT
) fixing, from 1 October 2002, the set-up costs per mobile number successfully transferred from one operator to another at 3.86 for a simple installation and 23.41 for a complex installation.