Moody's cuts Singtel outlook to 'negative', warns of further risks to A1 credit rating

Singapore

SINGTEL'S earnings and debt levels have ruffled analysts' feathers, as credit rating agency Moody's cut its outlook to "negative", from "stable".

The revision on Tuesday came on the back of price competition in the key markets of Singapore and Australia, and the expectation that Singtel will up its leverage in a rights issue at Bharti Airtel - a factor that also puts its credit rating at risk of downgrade.