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S&P affirms Globe Telecom
Standard & Poor's said it affirmed its ratings on Globe Telecom Inc. at BB+.
The outlook is stable.
The agency said that the ratings on Globe reflect its steady market position and solid cash flow protection measures, although these strengths are offset by declining domestic subscriber growth and intense price competition.
The ratings on Globe reflect its steady market position as Globe is one of two leading wireless service providers in the Philippines, the agency added.
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