|
|
 |
|
Viewing report
|
|
|
|
Summary: Singapore Telecommunications Ltd. May 11
Standard & Poors, May 2011
Abstract
The corporate credit rating on Singapore Telecommunications Ltd. (SingTel) reflects the group's significant operating diversity across a number of regional telecommunications markets, its strong business positions in its core markets, and its conservative financial policies and modest financial risk profile. These strengths are tempered by strong market competition, the significant capital demands associated with ongoing technological change, regulatory risks, and increasing earnings contributions from more competitive markets and services. SingTel is the leading integrated telecommunications service provider in Singapore, with about 45% share of the mobile and fixed broadband markets, and 85% share of the fixed-line market. In Australia, SingTel's wholly owned core subsidiary, SingTel Optus Pty Ltd. (Optus; A+/Stable/A-1), is the second-largest telecommunications operator, anchored by its one-third share...
Companies mentioned in this report are: Singapore Telecommunications Ltd.,SingTel Optus Pty Ltd.
Action: Review
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.
|
|
|
|
