Qatar Telecom's (Qtel) Long-term foreign currency Issuer Default Rating (IDR) and senior unsecured ratings have been affirmed by Fitch Ratings at 'A+' respectively, with 'Stable' outlook on the Long-term IDR, Reuters has reported. "The rating affirmation reflects Fitch's assessment of the sovereign's creditworthiness, given Qtel's strong operational and strategic ties with the State of Qatar," the rating agency said. The government of Qatar owns a 55% stake in Qtel which is held directly and via the Qatar Holding.
You might also like...
Contractors win Oman Etihad Rail packages
23 April 2024
Saudi market returns to growth
23 April 2024
Middle East contract awards: March 2024
23 April 2024
Swiss developer appoints Helvetia residences contractor
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.