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S&P Credit Research1199 word report
published Aug 20, 2008
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S&P Credit Research
| Abstract: | The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) are supported by the company's leading market position in both fixed and mobile telephony in the UAE telecoms market, despite the introduction of competition in 2007 from Emirates Integrated Telecom Co. (Du). Standard&Poor's Ratings Services expects strong population growth in the UAE to continue driving demand for telecoms services. Etisalat's profitability levels are very strong, with an EBITDA margin of 74.0% in the first half of 2008. The company generates strong cash flows and has good financial flexibility, backed by a portfolio of growing overseas assets, the value of which has increased significantly. The ratings also
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Emirates Telecommunications Corp. Publication date: 20-Aug-2008 Primary Credit Analyst: Michael O'Brien, London (44) 20-7176-3561; michael_obrien@standardandpoors.com Secondary Credit Analyst:...
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| Report Type: | Summary
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| Ticker: | DU@UH
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| Issuer: | Emirates Telecommunications Corp.
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| Sector: | Corporations, Global Issuers, Telecommunications & Cable
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| Country: | United Arab Emirates
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Emirates Telecommunications Corp. (Etisalat) $400.00
Strong market position as former incumbent fixed telephony operator with good broadband growth potential. Market leader in mobile telephony in two-player domestic market. Implicit support from the government of the United Arab Emirates. Very ...
- Summary: Emirates Telecommunications Corp. (Etisalat) $175.00
The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE), is based on the company's stand-alone credit profile (SACP), which ...
- Summary: Emirates Telecommunications Corp. (Etisalat) $175.00
The 'A+' rating on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) is based on the company's stand-alone credit profile (SACP), which ...
- Summary: Emirates Telecommunications Corp. (Etisalat) $175.00
The 'A+' ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) are based on the company's stand-alone credit profile (SACP), ...
- Summary: Emirates Telecommunications Corp. (Etisalat) $175.00
The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE), are supported by the company's leading market position in both fixed ...
- Summary: Emirates Telecommunications Corp. (Etisalat) $175.00
The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) are supported by the company's leading market position in both fixed ...
- Bulletin: Emirates Telecommunications Corp. (Etisalat) Ratings Unaffected By Announced India Venture $100.00
LONDON (Standard&Poor's) Sept. 24, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Emirates Telecommunications Corp. (Etisalat; A+/Stable/A-1), the former incumbent fixed-line and leading mobile telecommunications ...
- Emirates Telecommunications Corp. $400.00
Strong market position as former incumbent fixed telephony operator with good broadband growth potential Market leader in mobile telephony in two-player market Implicit support from the government of the United Arab Emirates Very high operating ...