Moody's: Optus view negative

Moody's Investors Service said it changed the outlook on the senior unsecured Aa3 long-term rating of Optus Finance Pty Ltd. to negative from stable

"The outlook change to negative reflects our expectation for a trend of elevated leverage over the next two to three years as Optus considers additional acquisitions and the likely purchases of new spectrum," Moody's vice president and senior credit officer Ian Lewis said in a news release.

"In addition, we expect that Optus will continue to upstream funds to its 100% parent SingTel and undergo a degree of re-levering, consistent with a more pronounced trend over the last year," Lewis added in the release.

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