Fitch Affirms Sri Lanka's Dialog Axiata at 'AAA(lka)', Outlook stable
Posted by Unknown on Friday, September 12, 2014 | 0 comments
Sept 12, Colombo: Fitch Ratings has affirmed Sri Lanka's Sri Lanka's largest telecommunications service provider Dialog Axiata an 'AAA(lka)' National Long-Term rating at a Stable Outlook.
Dialog, a subsidiary of Axiata Group Berhad of Malaysia and Dialog with a market capitalization of Rs. 69.2 billion, is the market leader in domestic mobile telecommunications with a subscriber market share of over 8.7 million subscribers at the end of 2013.
Parent support from Axiata Group Berhad of Malaysia, both during the normal course of business and during periods of financial stress, is a key rating driver for Fitch to affirm the 'AAA' rating. . Fitch believes that Axiata is likely to provide financial support, if required, to Dialog as it has in the past.
The full rating release issued by Fitch can be found here.
