Bangkok--2 Feb--Moody's Investor
Moody's Investor Services has withdrawn its Ba1 local currency corporate family rating for Total Access Communication Public Company Limited ("TAC"). Moody's has withdrawn this rating for business reasons. Please refer to Moody's Withdrawal Policy on www.moodys.com.
The principal methodology used in rating TAC was the Global Telecommunications Industry dated December 2007, which can be found at www.moodys.com in the Credit Policy & Methodologies directory, in the Ratings Methodologies subdirectory. The methodology outcome is Baa3.
Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Credit Policy & Methodologies directory.
The last rating action was on 4th April 2007 when TAC's ratings were affirmed at Ba1 with a stable outlook.
TAC is the second largest mobile telecommunications service provider in Thailand, offering analogue and digital services, under the name DTAC.
The company had 18.8 million subscribers and a subscriber market share of approximately 33% at year-end 2008.
TAC's major shareholder is Telenor Asia which holds a 65.5% economic interest in the company.
For more information please contact:
Hong Kong
Laura Acres
Vice President - Senior Analyst
Corporate Finance Group
Moody's Asia Pacific Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (852) 3551-3077
Singapore
Tony Tsai
Senior Vice President
Corporate Finance Group
Moody's Singapore Pte Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (65) 6398-8308