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Credit agencies hold Singtel's rating steady post-acquisitions

Equity analysts also largely neutral, though one downgrades the stock

DEEPENING FOOTHOLDS: Singtel said it will spend S$2.47 billion in cash to buy from Temasek Holdings a 21 per cent stake in Thailand's Intouch Holdings PCL, and a further 7.39 per cent stake in Bharti Telecom.


THE proposed acquisitions of interests in the wireless markets of Thailand and India by Singapore Telecommunications (Singtel) will have no impact on its credit rating, three credit rating agencies have said.

Equity analysts were also largely neutral, though one flagged