Report
EUR 662.80 For Business Accounts Only

Singapore Telecommunications Limited: NetLink Trust IPO proceeds unlikely to alleviate Singtel's elevated leverage

CORPORATES ISSUER IN-DEPTH 25 July 2017 RATINGS Singapore Telecommunications Limited Bkd Senior Unsecured A1 Outlook Stable Source: Moody's Investors Service KEY METRICS: Singapore Telecommunications Limited 03/31/17 03/31/16 03/31/15 Net Debt/ EBITDA 2.1x 1.9x 1.7x EBITDA Margin 41.5%
Underlying
Singapore Telecommunications Limited

Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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