Moody's assigns Baa3 rating to Omantel's new notes

Oman Telecommunications Company S.A.O.G.: Update following the sovereign rating action on Oman - Credit Opinion – 2019/03/14 – US$ 250.00 – ... corporate family rating (CFR) Ba1 reflects its baseline credit assessment (BCA) of ba1, which incorporates the strong probability that the Government of Oman (Ba1 negative) will extend support to Omantel, should the need arise, given the government's 55% stake in the company. Omantel's BCA of ba1 remains on par with the credit risk assessment of the government of Oman, and reflects (1) dominant market position in the Omani telecommunications market; (2) resilient operating performance supported by the necessity-like consumer spending characteristics on telecommunications services, despite the slowdown in Oman's economy; (3) industry leading EBITDA margins around 50%; (4) synergies that Omantel expects to unlock following the acquisition of Zain which will reduce debt/EBITDA towards 2.75x within 12-18 months and (5) good liquidity. The BCA also takes into account Omantel's small scale in terms of revenue compared with similarly rated telecommunications...

Oman Telecommunications Company S.A.O.G. - September 2018 (LTM): Peer Snapshot - Peer Snapshot – 2019/01/25 – US$ 750.00 – ... Q.P.S.C. Emirates Telecommunications Grp Co PJSC Turkcell Iletisim Hizmetleri A.S....

Oman Telecommunications Company S.A.O.G. - June 2018 (LTM): Peer Snapshot - Peer Snapshot – 2018/09/19 – US$ 750.00 – ... Emirates Telecommunications Grp Co PJSC Saudi Telecom Company Turkcell Iletisim Hizmetleri A.S....

Oman Telecommunications Company S.A.O.G. - March 2018 (LTM): Peer Snapshot - Peer Snapshot – 2018/07/04 – US$ 750.00 – ... Iletisim Hizmetleri A.S. Emirates Telecommunications Grp Co PJSC Saudi Telecom Company...

Oman Telecommunications Company S.A.O.G.: Update following the issuance of USD notes - Credit Opinion – 2018/04/09 – US$ 250.00 – ... long-term issuer rating of Baa3 reflects its baseline credit assessment (BCA) of baa3, which incorporates the strong probability that the Government of Oman (Baa3 negative) will extend support to Omantel, should the need arise, given the government's 55% stake in the company. Omantel's BCA, which reflects the company's fundamental credit quality on a standalone basis, takes into account its: (1) debt/EBITDA, which is trending towards 2.75x over the next 18 months, and industry-leading EBITDA margin of 40.7% as of 31 December 2017; (2) dominant position in the Omani telecommunications market; (3) cash flow generation, which is linked to the company's US dollar and Omani rial debt capital structure, against the backdrop of the fixed conversion rate of Omani rials into US dollars; (4) resilient operating performance, supported by the necessity-like nature of telecommunications services and despite the slowdown in Oman's economy; and (5)...

Oman Telecommunications Company S.A.O.G. - December 2017 (LTM): Peer Snapshot - Peer Snapshot – 2018/03/26 – US$ 750.00 – ... Q.P.S.C. Emirates Telecommunications Grp Co PJSC Turkcell Iletisim Hizmetleri A.S....

Oman Telecommunications Company S.A.O.G.: Update following the sovereign rating action on Oman - Credit Opinion – 2018/03/22 – US$ 250.00 – ... long-term issuer rating of Baa3 reflects its baseline credit assessment (BCA) of baa3, which incorporates our assessment of strong support from the Government of Oman (Baa3 negative) to Omantel given the government's 55% stake in the company. Omantel's BCA--which reflects the company's fundamental credit quality on a standalone basis--factors in: (1) debt/EBITDA trending towards 2.75x within 12-18 months and industry leading EBITDA margins of 40.7% as of 31 December 2017; (2) dominant market position in the Omani telecommunications market; (3) cash flow generation naturally linked to the company's USD and Omani rial debt capital structure, given the fixed conversation rate of Omani rial's into USD; (4) resilient operating performance supported by the necessity-like consumer spending characteristics on telecommunications services, despite the slowdown in Oman's economy; and (5) significant synergies that Omantel expects to unlock following...

Oman Telecommunications Company S.A.O.G.: Update following the acquisition of a 21.9% stake in Zain - Credit Opinion – 2018/01/29 – US$ 250.00 – ... long-term issuer rating of Baa3 reflects its baseline credit assessment (BCA) of baa3, which incorporates our assessment of strong support from the Government of Oman (Baa2 negative) to Omantel given the government's 55% stake in the company. Omantel's BCA--which reflects the company's fundamental credit quality on a standalone basis--factors in: (1) debt/EBITDA trending towards 2.75x within 12-18 months and industry leading EBITDA margins of 51.1% as of the last twelve months (LTM) ended 30 September 2017; (2) dominant market position in the Omani telecommunications market; (3) cash flow generation naturally linked to the company's USD and Omani rial debt capital structure, given the fixed conversation rate of Omani rial's into USD; (4) resilient operating performance supported by the necessity-like consumer spending characteristics on telecommunications services, despite the slowdown in Oman's economy; and (5) significant synergies...

Oman Telecommunications Company S.A.O.G. - September 2017 (LTM): Peer Snapshot - Peer Snapshot – 2017/12/13 – US$ 750.00 – ... Emirates Telecommunications Grp Co Turkcell Iletisim Hizmetleri A.S....

Moody's concludes review and downgrades Omantel to Baa3; outlook stable - Rating Action – 2017/11/17 – US$ 180.00 – ...MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS...