Moody’s Downgrades OT’s Mobilink Ratings To B2/Caa1, Outlook Negative

Moody’s Investors Service has downgraded the corporate family rating of Pakistan Mobile Communications Limited (Mobilink), Orascom Telecom (ORTE) affiliate, to B2 from B1 and the senior unsecured rating to Caa1 from B3.

Moody’s has also changed the ratings outlook to negative from stable.

Arabfinance