Moody’s Investor Service has affirmed the A2 long-term issuer rating of Ooredoo, the telecom giant.
The global credit rating agency stated that the affirmation of the A2 ratings with a stable outlook reflects Ooredoo's robust standalone credit profile with around 70 percent of EBITDA generated outside of Qatar in 2016. Moody’s 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 percent of the company through direct and indirect holdings.
