Standard and Poor’s Upgrades Ooredoo’s Outlook to Positive; Rating Affirmed at ‘A-’

 

January 15, 2017

 

Ooredoo Q.S.C. (''Ooredoo'') - Ticker: ORDS - notes Standard and Poor’s affirmation of Ooredoo’s long term corporate credit ratings at ‘A-'' and its change in Outlook from Stable to Positive. Standard and Poor’s change in Outlook is based on its expectation that Ooredoo will require lower capital expenditure, resulting in higher free operating cash flow in 2017 and 2018.