S&P affirms Qatar Telecom

Standard & Poor's said it affirmed its A/A-1 long- and short-term corporate credit ratings on incumbent fixed-line and mobile telecommunications operator Qatar Telecom QSC. The outlook is stable.

The agency said the affirmation reflects its view that Qatar Telecom's increased adjusted debt leverage should remain compatible with the ratings, as the company is expected to focus on maximizing its cash flow generation in 2012, while taking advantage of the growth potential of its large portfolio of assets in emerging markets.

S&P said the affirmation is also based on its expectation that the company will prudently manage its finances, and will not pursue sizable nonorganic growth opportunities, thus avoiding a further increase of leverage.

© 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.