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Articles tagged with: Fitch Ratings
Kazakh Telecom Debt Affirmed with a Negative Outlook
Fitch Ratings has today affirmed Kazakhtelecom's (Kaztel) Long-term foreign and local currency Issuer Default ratings (IDRs) at 'BB', Short-term foreign currency IDR at 'B' and National Long-term rating at 'A(kaz)'. The Outlooks on the Long-term IDRs and the National Long-term rating are Negative. more
Related Tags: kaztel, kazakhtelecom, Kazakhstan
Fitch Affirms Indonesian Operator, Telkomsel's Ratings
Fitch Ratings has today affirmed Indonesia's Telekomunikasi Selular's (Telkomsel) Long-term foreign and local currency Issuer Default Rating (IDRs) at 'BB+' and 'BBB-', respectively, and its National Long-term rating at 'AAA(idn)'. The Rating Outlook is Stable. more
Related Tags: telkomsel, singtel, telekomunikasi-indonesia, Indonesia
India Telecoms Sector - Stable Outlook with Declining Margins
Fitch Ratings has today said in a new report that it maintains a Stable Outlook on the Indian telecom sector, based on the expectation that revenue growth will be supported by strong wireless monthly subscriber addition. However, it notes that profitability is likely to fall due to growing number of lower-end users, network expansion costs, increased competition and regulatory pressures. more
Related Tags: India
Fitch Ratings Affirms MTN's Debt Ratings as Stable Outlook
Fitch Ratings has today affirmed South Africa based MTN Group's National Long-term ratings at 'AA-(zaf)' with Stable Outlook. The affirmation reflects strong subscriber growth in MTN's markets that have relatively low mobile penetration. This has driven MTN's strong operating cash flow generation and underpinned its profitability, which in turn contributed to an improved net leverage (adjusted net debt/EBITDAR) of 0.4x in FY08 (FY07:0.6x). more
Related Tags: mtn, presence, South Africa
Fitch Rates Sprint Nextel's Unsecured Notes 'BB'; Outlook Negative
Fitch Ratings has assigned a 'BB' rating to Sprint Nextel's US$500 million senior unsecured notes due August 2017. The net proceeds will be used for general corporate purposes. The Outlook is Negative. more
Related Tags: sprint-nextel, pension, USA
Fitch Maintains Russia's MTS on Ratings Watch Negative
Fitch Ratings says that it is maintaining Russia's MTS on Rating Watch Negative (RWN) following news that it is to buy a controlling stake in landline operator, Comstar from its parent company, Sistema. more
Related Tags: comstar-uts, sistema, mts, Russia
Downturn Could Stall Appetite for Turkish 3G Services
Fitch Ratings says that the impact of the current economic downturn could stall Turkish consumer demand for new 3G phone services despite industry expectations that it will significantly boost data revenues and result in overall increases in average revenue per user (ARPUs). more
Related Tags: turkcell, 3g, base, three, Turkey
Motorola Highlights Rising CDS/ Liquidity Disconnect on Earnings
The widening disparity between deteriorating liquidity and tightening CDS spreads is becoming more evident in numerous companies on the eve of their earnings updates, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week. more
Related Tags: motorola, three, USA
Fitch Ratings Affirms Etisalat's Debt Outlook as Stable
Fitch Ratings has affirmed UAE-based Etisalat's Long-term foreign currency Issuer Default Rating (IDR) at 'AA-'. The Outlook on the IDR is Stable. The rating reflects Fitch's assessment of the sovereign's creditworthiness, given Etisalat's strong operational and strategic ties with the UAE government and in the short term this is likely to be the key driver of any potential rating actions. more
Related Tags: etisalat, mobily, pctl, 3g--license, fitch, United Arab Emirates
Fitch Affirms France Telecom Debt with Stable Outlook
Fitch Ratings has today affirmed France Telecom's (FT) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'A-' respectively. The Outlook is Stable. Fitch has simultaneously affirmed FT's hybrid instruments, the Titres a Duree Indeterminee Remboursables en Actions (TDIRA), at 'BBB+'. The agency has downgraded the company's Short-term IDR to 'F2' from 'F1'. more
Related Tags: france-telecom, fitch, France