Fitch Downgrades Ooredoo to 'A-'; Outlook Stable

For Immediate Release

Fitch Downgrades Ooredoo to 'A-'; Outlook Stable

Doha, Qatar, 27 March 2018: Ooredoo Q.P.S.C. ("Ooredoo") - Ticker: ORDS today announces that Fitch has downgraded Ooredoo to "A-" with stable outlook from "A" watch negative outlook. Fitch stated that the assignment of the rating followed a change of methodology. However, the credit rating agency noted an improved risk profile of Ooredoo.

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About Ooredoo

Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo served 164 million customers and generated revenues of USD 8.9 billion as of 31 December 2017. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

Twitter: @Ooredoo

Facebook: facebook.com/ooredoogroup

LinkedIn: http://www.linkedin.com/company/ooredoo

YouTube: www.youtube.com/ooredoogroup