Fitch affirms Emirates Telecom

Fitch Ratings said it affirmed Emirates Telecom Corp.'s long-term foreign-currency issuer default rating at AA-.

The outlook is stable.

The rating reflects an assessment of the sovereign's creditworthiness, given the company's strong operational and strategic ties with the United Arab Emirates government, Fitch said.

Fitch said it views government support as integral to the company's target to become a major telecom operator.

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