Moody's affirms Axiata's Baa2 ratings, outlook remains stable

KUALA LUMPUR: Moody's Investors Service (Moody's) has affirmed Axiata Group Bhd's (Axiata) Baa2 issuer rating and baa3 baseline credit assessment (BCA).

The rating agency said it has also affirmed the provisional (P) Baa2 senior unsecured ratings on the sukuk issuance programme established by Axiata SPV2 Bhd and the medium-term note programme established by Axiata SPV5 (Labuan) Ltd, as well as the Baa2 rating on all backed senior unsecured notes issued by the two entities, which are wholly-owned subsidiaries of Axiata.