- Home
- Technology
- News
- VIS Reaffirms ‘AAA’ (Triple A) and ‘A-1+’ (A-One Plus) Ratings of Pakistan Telecommunication ..
VIS Reaffirms ‘AAA’ (Triple A) And ‘A-1+’ (A-One Plus) Ratings Of Pakistan Telecommunication Company Limited
Umer Jamshaid Published October 14, 2019 | 06:10 PM
VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Pakistan Telecommunication Company Limited (PTCL) at ‘AAA’ (Triple A) and short term rating of ‘A-1+’ (A-One Plus)
Islamabad (UrduPoint / Pakistan Point News-14th Oct, 2019) VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Pakistan Telecommunication Company Limited (PTCL) at ‘AAA’ (Triple A) and short term rating of ‘A-1+’ (A-One Plus). The previous rating action was announced on October 11, 2018. The ratings reflect PTCL’s leading market position, extensive network infrastructure, strong financial risk profile and adequate business risk profile.
Long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan. The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk free short-term obligations of Government of Pakistan. Outlook on the assigned ratings is ‘Stable’.
PTCL is the leading Integrated Information Communication Technology (ICT) Company in Pakistan, having the largest fixed-line network in the country.
The company’s products and services include voice services, high-speed broadband internet, CharJi wireless internet, Smart TV (IPTV) service, Smart TV App and Touch App, digital-content streaming services like icflix, and enterprise-grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed and Satellite Services.
The ratings draw comfort from PTCL’s leading market position in fixed-line voice segment with 90% share, wireline broadband segment with 80% share, and wireless data segment with 30% share. The ratings also factor low financial risk profile of the company, as reflecting in healthy cash flows generation and debt-free balance sheet despite significant capital expenditure over the past three years toimprove service quality and strengthen its network infrastructure through the network transformation project (NTP).
Related Topics
Recent Stories
Rafiq-ul-Hujajj Committee to organize 2nd training session for pilgrims in Abbot ..
Defence Minister leads Pakistan's delegation to Kazakhstan SCO moot
PRCS Chairman, Moroccan envoy discuss humanitarian relations
50pc cut in subsidy of BRT service likely: CM’s aide
Russia striking Ukraine railways to 'paralyse' army cargo: Ukraine source
Cop, suspected outlaw injured in police encounter
IPRI, ILA Italy ink MoU on cooperation in international law development
4-day book fair opens
30 wheelchairs donated
11 dead, 1295 injured in road accidents
46 vehicles impounded for traffic violations
PSX gains 771 points
More Stories From Technology
-
PITB HR Wing organizes Eid Milan celebration for children at PITB Day Care Center located in ASTP
1 hour ago -
SONY x TECNO - is this for real?
1 hour ago -
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
3 days ago -
Pro Tips: How to Capture Stunning Portraits with the Aura Light Portrait of vivo V30 5G
4 days ago -
Itel celebrates launch of S24—a new brand identity
5 days ago -
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
6 days ago
-
Take Charge, Live Free: Empower Your Life with Infinix NOTE 40 Series
8 days ago -
PTA Undertakes Consultation with All Pakistan Network Association (APNA) on Proposed Class Value Add ..
8 days ago -
Vivo V30 5G: The Perfect Blend of Enhanced Photography and Premium Design
9 days ago -
PITB's Regional Plan 9 invites applications for its newly launched incubation centers in Rawalpindi, ..
10 days ago -
Pakistan calls for enhanced information integrity on digital platforms
10 days ago -
Infinix NOTE 40 Series vs. the Competition: Why It Stands Out
11 days ago