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Ratings On Thailand's Total Access Communication Public Co. Ltd. Affirmed; Outlook Stable Jun 07
Standard & Poors, June 2007
Abstract
SINGAPORE (Standard & Poor's) June 8, 2007--Standard & Poor's Ratings Services said today it 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 highly competitive environment in which the company operates and the regulatory uncertainties that persist in the telecom sector in Thailand. These weaknesses are offset by DTAC's established customer base and extensive network coverage, the company's capacity to keep its deleveraging program on track, and Norway-based telecommunications operator Telenor ASA's (BBB+/Stable/A-2) ownership and management participation. 'The stable outlook is based on the expectation that DTAC's credit measures will remain adequate for the current rating, even factoring in the higher...
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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