Moody’s rates Singtel Optus A2

Moody's Investors Service said it assigned an A2 issuer rating and stable outlook to Singtel Optus Pty Ltd.

The agency affirmed the A2 backed senior unsecured ratings of Optus Finance Pty Ltd.

The outlook is stable.

Moody’s said the A2 ratings include a two-notch uplift based on Singapore Telecommunications Ltd.'s (A1 stable) 100% ownership of Optus, which the agency believes will result in credit support in times of financial stress.

The agency said it expects that Optus' debt/EBITDA will be maintained at 1.8x to 1.9x over the next two years.

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