... `A+' ratings take into account a single-notch uplift from its standalone credit profile (SCP) due to its links with the sovereign (AAA/Stable) and the weak-to-moderate incentives for the state to provide support, assessed under Fitch Ratings' Government-Related Entities (GRE) Rating Criteria. The criteria also takes into account Singtel's SCP of `A', underpinned by its strong cash flow diversification, leading domestic position in key markets and moderate leverage. Meanwhile, Singtel Optus Pty Limited's (Optus) `A' ratings are equalised with that of Singtel's SCP, according to Fitch's Parent and Subsidiary Linkage criteria....
