KUALA LUMPUR: Standard & Poor's Ratings Services has raised its long-term corporate credit rating on Axiata Group Bhd. to 'BBB+' from 'BBB'. The outlook is stable.
It had on Tuesday also affirmed its 'axA+' ASEAN regional scale rating on Axiata. It raised its long-term issue rating on the senior unsecured notes and medium-term notes programme that Axiata unconditionally and irrevocably guarantees to 'BBB' from 'BBB-'.
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