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Ooredoo slips as Moody’s cuts outlook to ‘negative’

The Qatar Exchange 20 index dived 1.27 per cent to 11,698.86 points on Thursday, January 22. The gauge fell for the fourth session straight and lost 1.40 per cent over the week.

Telecom leader Ooredoo ended down 0.17 per cent at QAR114.80.

Earlier in the day, Ooredoo (Arabic for “I want”) said that while rating agency Moody’s has affirmed its A2 long-term issuer rating, Moody’s has revised its outlook from stable to negative on the A2 long-term issuer rating of Ooredoo.

Gérard Al-Fil