Fitch affirms Advanced Info

Fitch Ratings said it affirmed Advanced Info Service PCL'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 agency also said it assigned the company a long-term local-currency issuer default rating of BBB+.

The outlook is stable.

The ratings reflect the company's strong financial profile and leading market position as Thailand's largest mobile operator, with a revenue market share of 52% in 2009, Fitch said.

This is supported by its strong branding and extensive network coverage, the agency added.

© 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.