In its Inside Asean 21st Edition report, Moody’s said the group’s (Baa2 stable) revenue will grow 2%-2.5% in 2020 and 2021, despite a low-single-digit revenue decline at its domestic mobile unit, Celcom Axiata Bhd, in Malaysia (A3 stable).
KUALA LUMPUR: Axiata Group Bhd
’s diverse emerging and frontier market investments will drive growth and keep credit quality stable over the next one to two years, said Moody’s Investors Service.
In its Inside Asean 21st Edition report, Moody’s said the group’s (Baa2 stable) revenue will grow 2%-2.5% in 2020 and 2021, despite a low-single-digit revenue decline at its domestic mobile unit, Celcom Axiata Bhd, in Malaysia (A3 stable).
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