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Moody's lowers Qtel ratings

19 August 2010

Moody's Investor Service has reduced the A1 rating for Qtel and Qtel International Finance, a wholly owned subsidiary of Qtel, to A2. Moody's has also downgraded the A1 rating for the bonds issued under Qtel's GMTN programme to A2, with a stable outlook. The firm said it expects no material impact from the rating change "as the solid company performance has been acknowledged by the rating agency."

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