Doha, Qatar, July 11th, 2017: Ooredoo Q.S.P.C. (“Ooredoo”) - Ticker: ORDS today announces that Moody’s Investor Service has affirmed the A2 long-term issuer rating of Ooredoo Q.S.P.C. (Ooredoo.
Moody’s stated that the affirmation of the A2 ratings with a stable outlook reflects Ooredoo's robust standalone credit profile with around 70% of EBITDA generated outside of Qatar in 2016. Moodys also noted that Ooredoo's credit profile continues to benefit from the support and rating uplift offered by the Government of Qatar, which owns 68.6% of the company through direct and indirect holdings.
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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.