Fitch affirms Advanced Info

Fitch Ratings said it affirmed Advanced Info Service PCL's long-term foreign- and local-currency issuer default ratings at BBB+.

The outlook is stable.

The agency also said it affirmed its national long-term rating at AA(tha), national short-term rating at F1+(tha) and the national long-term rating on its senior unsecured debentures at AA(tha).

The ratings reflect the company's strong market position as the largest mobile telecoms operator in Thailand, Fitch said.

The company benefits from a competitive cost structure due to its large subscriber base, with a revenue market share of 53% in 2011, the agency said.

Key credit risks are uncertainty over regulatory, policy and legal issues, Fitch added.

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