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S&P Credit Research1562 word report
published Jul 03, 2009
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S&P Credit Research
| Abstract: | 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), which Standard&Poor's Ratings Services assesses at 'A', as well as our opinion that there is a "high" likelihood that the government of the UAE would provide timely and sufficient extraordinary support to Etisalat in the event of financial distress. In accordance with our criteria for government-related entities (GREs), our view of a "high" likelihood of extraordinary government support is based on our assessment of Etisalat's: "Important" role for the government as a provider of key communications infrastructure and as a flagship national company; and "Very strong"
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Emirates Telecommunications Corp. (Etisalat) Publication date: 03-Jul-2009 Primary Credit Analyst: Michael O'Brien, London (44) 20-7176-3561; michael_obrien@standardandpoors.com Secondary Credit...
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| Report Type: | Summary
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| Ticker: | DU@UH
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| Issuer: | Emirates Telecommunications Corp. (Etisalat)
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| GICS: | Integrated Telecommunication Services (50101020)
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| Sector: | Global Issuers
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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.
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