Summary: China Mobile Ltd.
- ID: 1786886
- May 2011
- Region: China
- Standard & Poors
The rating on China Mobile Ltd. reflects the company's strong stand-alone credit profile (SACP) of 'aa-'. It also reflects our opinion that there is a "very high" likelihood that the government of China (AA-/Stable/A-1+; Greater China scale cnAAA/cnA-1+) will provide sufficient and timely extraordinary support to China Mobile in the event of financial distress. We attribute China Mobile's SACP to the company's strong business risk profile, underpinned by its leading market position in the Chinese mobile telephony industry, and its minimal financial risk profile. China Mobile is one of the three government-owned telecom operators in China. In accordance with our criteria for government-related entities, our view of a "very high" likelihood of extraordinary government support is based on our assessment...
Companies mentioned in this report are: China Mobile Ltd.
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