Fitch gives Qtel currency A+

Fitch Ratings said it has assigned Qatar Telecom a long-term foreign currency issuer default rating and senior unsecured rating of A+, respectively.

The agency said it has simultaneously assigned Qtel's long-term issuer default rating a stable outlook.

According to Fitch, the rating reflects Qtel's strong operational and strategic ties with the Qatar government which, either directly or via the Qatar Investment Authority, owns a 55% stake in Qtel.

The rating factors in assumed government support for the company in line with Fitch's criteria for parent and subsidiary rating linkages.

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