The A1 ratings
for Qtel benefit from implicit support from the Qatari government, which remains the majority shareholder with a 55% direct stake, its leading market positions as the local incumbent integrated telecommunication service provider in Qatar as well as in the international markets that Qtel has entered over the recent years," said Martin Kohlhase, the DIFC/Dubai-based lead analyst for Qtel.
In spite of the revenue diversion, OCTA has continued to succeed in providing transportation programs that were cited by Moody's for its decision to confirm Aa and A1 ratings
for $870 million in OCTA debt.
Moody's affirmation of Sabic's A1 ratings
reflects the significant credit strength the group continues to derive from the supportive environment it enjoys in Saudi Arabia given its 70 per cent government ownership and the instrumental role it plays in supporting the diversification of the country's economy and job creation through the development of export-oriented non-oil businesses.