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Fitch: Qtel ratings A+, Stable

28 January 2010

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.

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