Mobile-8's CCR cut to 'B-', placed on negative watch on weak Q1 results - S&P

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it cut PT Mobile-8 Telecom Tbk.'s corporate credit rating to 'B-' from 'B' and placed it on negative watch, following the Indonesian telecom operator's first quarter results, which were substantially below expectations. [more, forbes]