Ooredoo A/A-1 rating affirmed by S&P
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Ooredoo A/A-1 rating affirmed by S&P

Ooredoo A/A-1 rating affirmed by S&P

Standard & Poor's Ratings Services has affirmed its 'A/A-1' long- and short-term corporate credit ratings on Qatar's Ooredoo and its 'A' issue rating on Qtel International Finance Ltd's senior unsecure debt, the Peninsula has reported. At the same time, the ratings were removed from CreditWatch, where they were placed with negative implications on April 26. The outlook is negative. This follows Qtel's announcement that it had withdrawn its binding offer to acquire 53% of Morocco's telecom operator Maroc Telecom from Vivendi, S&P said.

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