Following its recent ranking as the fastest growing telecommunications company in the world, Etisalat has received yet another recognition with its inaugural international corporate credit ratings from Moody's (Aa2), from Standard & Poor's (A +) and from Fitch Ratings (AA-).
The strong credit ratings are among the highest of all globally rated telecommunications companies and reflect Etisalat’s strong competitive position, superior profitability and a proven ability to deliver strong and growing cash flows
Commenting on the outstanding ratings, Mr. Hakeem Belo-Osagie, Chairman, Etisalat Nigeria said, "The ratings are fitting testimonials to Etisalat’s high standards of performance. These coming just as we fine-tune plans to deliver commercial services to Nigerians, strengthens our commitment to replicating the prudent financial strategy in order to build a network that is stable and offers Nigerians access to world class telecommunications."
"I have no doubt that with the caliber of personnel we have on hand in Nigeria, we are capable of maintaining Etisalat’s track record in quality services, stable growth, as well as in other areas of our operations." He added.
Etisalat, the leading telecom provider in the UAE, has a solid track record in the UAE over the last 30 years, evidenced by a robust operating and financial position. This has resulted in superior market share across its businesses in 15 other countries, serving an aggregate of 63 million subscribers.