Fitch: Advanced Info, Total Access remain on watch

Fitch Ratings said that all ratings of Advanced Info Service plc and Total Access Communication plc remain on Rating Watch negative. The ratings include Advanced Info's long-term foreign-currency issuer default rating of BBB+, national long-term of AA(tha), national short-term of F1+(tha), along with Total Access's long-term foreign-currency issuer default of BB+, national long-term of A(tha), national short-term of F1(tha) and senior unsecured debentures of A(tha).

Advanced Info, Thailand's largest mobile operator, reported a consolidated last-twelve-month EBITDAR of Thai baht 40.7 billion in Q107, a 15% drop from Thai baht 47.9 billion in the first quarter of 2006, due mainly to intense price competition and rising service and revenue sharing costs, Fitch said.

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