S&P lifts Ooredoo view to positive

S&P said it revised to positive from stable the outlook on Ooredoo QSC.

The agency also said it affirmed the company’s A- long-term and A-2 short-term corporate credit ratings.

The outlook revision reflects an expectation that Ooredoo will generate higher free operating cash flow in 2017 due to lower capital expenditure requirements, S&P explained.

The company also is expected to maintain solid credit ratios in the absence of sizable acquisitions, the agency said.

Ooredoo has a dominant market position and strong operating cash-flow generation in fixed-line and mobile telephony in the Qatari telecoms market, S&P said.

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