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Gulf telecom industry rated stable by Moody's
- Middle East: Tuesday, October 27 - 2009 at 14:30
A new report by Moody's Investors Services says the outlook for the integrated telecommunications industry in the GCC remains stable. Companies continue to demonstrate above-average credit metrics, clear conservative financial policies and solid liquidity backed by strong cash flow generation, the rating agency said. Currently, Moody's rates three integrated telecoms service providers in the GCC region; Qatar Telecom (Qtel) at 'A1/stable'; Emirates Telecommunications Company (Etisalat) at 'Aa2/stable'; and Saudi Telecom Company (STC) at 'A1/positive'.
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StaffTuesday, October 27 - 2009 at 14:30 UAE local time (GMT+4)
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