Moody's affirms Axiata's Baa2 ratings; outlook stable

Celcom Digi Bhd will be listed in Malaysia, and Axiata and Telenor will each own 33.1% of it.

KUALA LUMPUR: Moody's Investors Service has affirmed the Baa2 issuer rating of Axiata Group Bhd which recently announced the proposed merger of its Malaysian operations with Norwegian telecom company, Telenor ASA.

The international rating agency had on Tuesday also affirmed the provisional (P)Baa2 senior unsecured rating on the sukuk issuance programme established by Axiata SPV2 Bhd and the euro medium-term note (EMTN) programme established by Axiata SPV5 (Labuan) Ltd.