From negative to stable: Moody’s revises Mobilink’s rating

The rating action reflects Mobilink’s stronger fundamental credit quality when compared to the sovereign.


Reuters July 24, 2014

HONG KONG: Moody’s Investors Service has revised Pakistan Mobile Communications Limited’s (Mobilink) rating from negative to stable on the B2 corporate family rating. The rating action reflects the outlook change for Pakistan’s Caa1 sovereign rating and Mobilink’s stronger fundamental credit quality when compared to the sovereign. On 14 July 2014, Moody’s affirmed Pakistan’s Caa1 foreign currency government bond rating and Caa1 issuer and senior unsecured ratings. Moody’s also revised the outlook on Pakistan’s sovereign ratings to stable from negative. “Despite its stronger fundamental credit quality, Mobilink’s B2 corporate family rating is constrained by the two-notch differential between its own rating and the sovereign’s Caa1 rating,” says Yoshio Takahashi, a Moody’s Assistant Vice President and Analyst.

Published in The Express Tribune, July 25th, 2014.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read