S&P DELIVERS SLAP TO SINGTEL & OPTUS WITH NEGATIVE OUTLOOK

摘要

According to S&P, Singtel’s highly leveraged funds from operations to debt ratio is notexpected to improve to above 40% over the next 24 months due to increasing competitivepressure in its major operating markets, of which the Optus business in Australia is a keyfactor.“We consider Optus to be a core subsidiary of the Singtel group, contributing about 50% ofSingtel's adjusted revenue and 40% of its adjusted EBITDA,” said S&P in its report.