Moody's: Axiata's ratings unaffected by Weak 3Q 2016 Results
Hong Kong, November 28, 2016-- Moody's Investors Service says that Axiata Group Berhad's operating results for the third quarter of fiscal year 2016 were weak but have no immediate effect on the company's Baa2 issuer rating and stable outlook. "Axiata reported weak results in 3 Q 2016 mainly due to subdued operating performance in Malaysia, higher network modernization costs in Indonesia and Bangladesh, and forex losses from the weaker ringgit," says Annalisa Di Chiara, a Moody's...
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