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Agencies reaffirm Etisalat ratings
- United Arab Emirates: Tuesday, July 21 - 2009 at 10:59
Moody's, Fitch and Standard & Poor's have reaffirmed their credit ratings on UAE telco Etisalat at the same level as in 2008, Wam has reported. The ratings demonstrate confidence in the group's profitability, cash flow, financial policies, and a portfolio of overseas assets, the value of which has increased significantly, Etisalat has said. Moody's Investors Service has awarded the telco 'Aa2', while Fitch rated it at 'AA' and Standard and Poor's gave it an 'A+'.
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