Fitch affirms Advanced Info

Fitch Ratings said it affirmed Advanced Info Service plc's long-term foreign-currency issuer default rating at BBB+, national long-term rating at AA(tha) and national short-term rating at F1+(tha).

The outlook remains stable.

The ratings reflect the company's leading market position as Thailand's largest mobile operator, supported by its strong branding and extensive network coverage, Fitch said. Its business profile also is underpinned by its proven management track record in the challenging operating environment, alongside its continuing market leadership as Thailand's largest mobile phone operator, the agency said.

The ratings also consider its strong financial position, evidenced by strong cash flow generation and low financial leverage, Fitch added.

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