Fitch changes Ooredoo view

Fitch Ratings has said it revised Ooredoo QSPC's outlook to positive from stable, while affirming its long-term issuer default rating at A-.

The agency said this action follows that on Qatar's sovereign rating in March when Fitch revised the outlook on Qatar's long-term foreign and local currency issuer default rating to positive from stable and affirmed both issuer default ratings at AA-.

“The rating is supported by the strength of Ooredoo's links with the state of Qatar,” the agency said in a news release.

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