VIS Credit Rating Company Limited (VIS) has reaffirmed substance appraisals of Pakistan Telecommunication Company Limited (PTCL) at ‘AAA’ (Triple-An) and momentary rating of ‘A-1+’ (A-One Plus). The past rating activity was declared on October 11, 2018. The appraisals mirror PTCL’s driving business sector position, broad system framework, solid money related hazard profile, and sufficient business hazard profile.
The long haul rating of ‘AAA’ means the most elevated acknowledge quality, with immaterial hazard factors, being just somewhat more than for hazard free obligation of the Government of Pakistan. The transient rating of ‘A-1+’ means the most noteworthy sureness of auspicious installment, liquidity variables are remarkable and security is simply underneath hazard free momentary commitments of Government of Pakistan. Point of view toward the doled out evaluations is ‘Steady’.
PTCL is the main Integrated Information Communication Technology (ICT) Company in Pakistan, having the biggest fixed-line organize in the nation. The organization’s items and administrations incorporate voice administrations, rapid broadband web, CharJi remote web, Smart TV (IPTV) administration, Smart TV App and Touch App, computerized substance gushing administrations like icflix, and undertaking level stages like Smart Cloud, Tier-3 Certified Data Centers, Managed and Satellite Services.
The evaluations draw comfort from PTCL’s driving business sector position in a fixed-line voice portion with a 90% offer, wireline broadband fragment with 80% offer, and remote information section with a 30% offer. The appraisals likewise factor low budgetary hazard profile of the organization, as reflecting in solid incomes age and obligation free monetary record in spite of noteworthy capital use in the course of recent years to improve administration quality and fortify its system foundation through the system change venture (NTP).