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Summary: Qatar Telecom (Qtel) Q.S.C.

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Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Abstract
The 'A-' rating on Qatar Telecom (Qtel) Q.S.C., the incumbent fixed-line and mobile telecommunications operator in the State of Qatar (AA-/Stable/A-1+), is based on the company's stand-alone credit profile (SACP), which Standard & Poor's Ratings Services assesses at 'BBB', as well as on our opinion that there is a "high" likelihood that the government of Qatar would provide timely and sufficient extraordinary support to Qtel in the event of financial distress. In accordance with our criteria for government-related entities (GREs), our view of a "high" likelihood of extraordinary government support is based on our assessment of Qtel's: "Important" role for the government given its position as the largest telecoms services provider in the country. Qtel represents a key part of...

Companies mentioned in this report are: Qatar Telecom (Qtel) Q.S.C.
Action: Review

Companies Mentioned

Qatar Telecom (Qtel) Q.S.C.

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Summary: Qatar Telecom (Qtel) Q.S.C.

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