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Sept 13, 2013 (LBO) – A ‘AAA(lka)’ rating of Sri Lanka’s Dialog Axiata has been confirmed by Fitch Ratings with a stable outlook. “Dialog’s rating reflects Fitch’s expectations that its 83 percent-parent, Axiata Group Berhad of Malaysia (Axiata), is likely to provide support if required, given operational and strategic linkages between the companies,” the rating agency said.

“Linkages include a common brand name and common creditors which can result in reputation risk to Axiata if Dialog fails.”

The full statement is reproduced below:-

Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’/Stable

13 Sep 2013 4:05 AM (EDT) Fitch Ratings-Colombo-13 September 2013: Fitch Ratings has affirmed Sri Lanka-based telecoms company Dialog Axiata PLC’s (Dialog) ‘AAA(lka)’ National Long-Term rating. The Outlook is Stable.

Key Rating Drivers

Parent support: Dialog’s rating reflects Fitch’s expectations that its 83%-parent, Axiata Group Berhad of Malaysia (Axiata), is likely to provide support if required, given operational and strategic linkages between the companies. Linkages include a common brand name