Fitch flags reduced visibility on Singtel's free cash flow as growth slows

Singapore

FITCH Ratings on Wednesday said Singtel's weaker-than-expected growth prospects and potential for higher capital expenditure for the 5G standalone network in Singapore are likely to reduce visibility on the group's free cash flow.

This comes after the agency had in February downgraded Singtel's long-term foreign-and-local-currency issuer default ratings and foreign-currency senior unsecured rating to A from A+.

Fitch expects that the telco's leverage - adjusted for funds from operations (FFO) - is likely to rise to 2.5 times in the financial years ending M…

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