Moody's: No change for Singapore Telecommunications

Moody's Investors Service said that Singapore Telecommunications Ltd.'s second quarter results to Sept. 30 were generally in line with the agency's expectation and had no impact on the company's Aa2 rating.

The outlook is stable.

The company's second-quarter group revenue and EBITDA grew by about 5.4% and 14%, respectively, driven primarily by continued strong performance in telecommunications services, Moody's said.

Financial metrics showed a slight improvement, with adjusted debt-to-EBITDA ratio of 1.28x, the agency said.

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