Oman Telecommunications Company S.A.O.G. - December 2018 (LTM): Peer Snapshot

Oman Telecommunications Company S.A.O.G.: Update following the placement of Omantel's ratings on review for downgrade - Credit Opinion – 2020/04/02 – US$ 250.00 – ...On 01 April 2020, we placed Oman Telecommunications Company S.A.O.G.'s (Omantel) ratings on review for downgrade, a direct consequence of the placement on review for downgrade of the rating of the Government of Oman. The rating action reflects the strong credit linkages between the Government of Oman and Omantel. This is further reflected in the company's status as a government related entity with operations concentrated in Oman and whose performance will depend greatly on the local economic developments. Omantel's CFR reflects reflects the company's standalone creditworthiness, as expressed by its baseline credit assessment (BCA) of ba2, as well as its high dependence and strong level of support from the Government of Oman (Ba2 RUR), given the government's 51% stake in the company. Omantel's BCA remains on par with the rating of the Government of Oman and reflects the company's (1) dominant market position in the Omani telecommunications market; (2) resilient, although slightly weakening,...

Oman Telecommunications Company S.A.O.G.: Update following Oman's sovereign rating downgrade - Credit Opinion – 2020/03/12 – US$ 250.00 – ...On 10 March 2020, we downgraded Oman Telecommunications Company S.A.O.G.'s (Omantel) corporate family rating (CFR) to Ba2 from Ba1 as a direct consequence of the downgrade of the rating of the Government of Oman's rating because the company generates most of its cash flows in Oman. Omantel's CFR reflects reflects the company's standalone creditworthiness, as expressed by its baseline credit assessment (BCA) of ba2, as well as its high dependence and strong level of support from the Government of Oman (Ba2 stable), given the government's 51% stake in the company. Omantel's BCA remains on par with the rating of the Government of Oman and reflects the company's (1) dominant market position in the Omani telecommunications market; (2) resilient, although slightly weakening, operating performance, supported by the necessity- like consumer spending on telecommunications services despite the slowdown in Oman's economy; (3) industry-leading EBITDA margin of around 50%; and (4) good liquidity. The...

Oman Telecommunications Company S.A.O.G. - September 2019 (LTM): Peer Snapshot - Peer Snapshot – 2019/12/24 – US$ 750.00 – ¬ 2019 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). All rights reserved. CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS...

Oman Telecommunications Company S.A.O.G. - June 2019 (LTM): Peer Snapshot - Peer Snapshot – 2019/09/20 – US$ 750.00 – ¬ 2019 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). All rights reserved. CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS...

Oman Telecommunications Company S.A.O.G. - March 2019 (LTM): Peer Snapshot - Peer Snapshot – 2019/06/21 – US$ 750.00 – ¬ 2019 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). All rights reserved. CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS...

Moody's announces completion of a periodic review of ratings of Oman Telecommunications Company S.A.O.G. - Announcement – 2019/03/21 – US$ 180.00

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...