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Research Update: Ratings On Thailand's Total Access Communication Public Co. Ltd. Affirmed; Outlook Stable Jun 07
Standard & Poors, June 2007
Abstract
On June 8, 2007, Standard & Poor's Ratings Services affirmed its 'BB+' corporate credit rating on Thailand's second-largest cellular provider, Total Access Communication Public Co. Ltd. (DTAC). The outlook is stable. The rating on DTAC reflects the following risks: Highly competitive environment. Competition in the Thai cellular market remains intense and operators are experiencing slowing revenue growth as wireless penetration rate has reached about 69%. Private operators agreed to be subject to the interconnection regime in November 2006 and billing started in the first quarter of 2007. This move has slowed down the irrational pricing competition as players introduce on-net pricing packages. Nevertheless, heightened competition through price cuts and heavy promotions to gain market share may persist and weigh on...
Companies mentioned in this report are: Total Access Communication Public Co. Ltd.,Telenor ASA
Action: Affirmed
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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