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Qtel receives public credit ratings from Moody's, Standard & Poor's and Fitch Ratings

Qatar: Tuesday, December 16 - 2008 at 09:33
PRESS RELEASE

Qtel has recently confirmed that it has received public credit ratings from three of the world's most prominent organizations in this field.

Moody's Investors Service has assigned Qtel a senior unsecured issuer rating of 'A1', Standard & Poor's Ratings Services assigned its 'A-' long term and 'A-2' short term corporate credit ratings, while Fitch Ratings has assigned an issuer default rating of 'A+', thereby underpinning Qtel's strong credit quality. The outlook on all ratings is stable. This is the first time that any agency has assigned a credit rating to Qtel.

The ratings underline both Qtel's domestic strength and the success of its international expansion of recent years.

Dr. Nasser Marafih, CEO, Qtel, noted:

"Securing a strong investment grade credit profile has always been a key strategic objective for Qtel as it pursues its path towards its Vision 2020, which aims to position the Group as one of the top 20 telecommunications companies in the world by 2020. The strong credit profile assigned today by these well-respected rating agencies confirms our commitment to capital discipline, which we will continue to emphasize as we further grow and develop internationally."

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Related site: http://www.qtel.com.qa

Notes and media contacts

For more information please contact:
Edward Barnfield
Partner
Wallis Marketing Consultants
PO Box 217, Qtel, Doha, Qatar
Tel: +974 440 4830

Posted by Rana Mesbah
Tuesday, December 16 - 2008 at 09:33 UAE local time (GMT+4)

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Qtel receives public credit ratings from Moody's, Standard & Poor's and Fitch Ratings

Qtel has recently confirmed that it has received public credit ratings from three of the world's most prominent organizations in this field.

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