Doha, Qatar, 11 September 2017: Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS - notes Fitch Ratings’ revision of Ooredoo’s long term corporate credit ratings from ‘A+’ to ‘A’ and its Negative Outlook. The change in rating reflects Fitch’s August 2017 revision of Qatar’s sovereign rating from ‘AA’ to ‘AA-‘.
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Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.
Ooredoo served 138 million customers and generated revenues of QR 33 billion as of 31 December 2016. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange