Moody's downgrades Qtel

Moody's Investors Service said it downgraded the long-term ratings for Qatar Telecom QSC, Qtel International Finance Ltd. and the bonds issued under Qtel's medium-term note program by one notch to A2 from A1.

The outlook is stable. This concludes the review that began on March 10.

Moody's said it has changed its view on government support assumptions in line with other government-related issuers, which has resulted in the downgrade.

Although support from the Qatari government continues to be viewed as high, it is slightly lower than would be if there were an explicit guarantee or a special legal status, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.