Moody's: Asia Pacific telecoms stable

Moody's Investors Services said it sees a stable outlook for the telecommunications sector in Asia Pacific over the next 12 to 18 months.

In a new report, Moody's said ongoing stability may prompt upward rating pressure for some companies that successfully manage their capital expenditures and competitive environments, as well as improve their financial profiles.

However, despite the generally stable outlook, some companies face financial and operating challenges, the agency said. Refinancing risk and funding for capital expenditure plans, needed to maintain market growth, represent the most immediate and crucial of these challenges, Moody's said, but these appear manageable for most rated entities even in the current environment.

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