Tuesday, June 14, 2005

Moody's: China Mobile 'A3' Rating under Review for Possible Upgrade

From Forbes: China Mobile 'A3' rating under review for possible upgrade

"Moody's Investors Service said it has placed the 'A3' senior unsecured rating of China Mobile (Hong Kong) Ltd on review for possible upgrade. Moody's said in a statement the decision reflects the progress that China Mobile continues to achieve in building its operating and financial profile and the completion of major asset acquisitions from its parent."

"Moody's added that China Mobile has enjoyed a significant time-to-market advantage over its competitors, with the result being a higher value customer base. Consequently, China Mobile holds a very strong competitive position that is unlikely to erode quickly, Moody's said."

Read more:
China Mobile: You're Still the One
China's Dueling Wireless Players: China Mobile vs. China Unicom
China's Mobile Giants Squeeze Tencent Earnings
Top China Mobile Operator Adds 3.2 Million Subscribers in April

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