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CenterTelecom

May 28, 2003

On 27 may 2003, a meeting with representatives of fitch ratings, an international rating agency, was held at the PJSC Centertelecom headquarters

In the context of increasing its capitalization, PJSC CenterTelecom carries out activities to elevate its investment appeal. The Company's next step to make is obtaining its second credit rating. The Company named the Fitch Ratings Agency its partner in achieving the obtainment of the second rating mark. According to a preliminary evaluation, the PJSC CenterTelecom credit rating can be raised by 1-2 points. The having of two credit ratings will enlarge the possibilities of the Company to enter the loan capital market, grant an access to new financing sources, and will decrease the dependency on the banker financing and internal markets.

N.B.: The Standard& Poor’s Agency awarded PJSC CenterTelecom the CCC+ credit rating (forecast "stable") and the 5.3-point corporate management rating.

28.05.2003

 

 

 

 

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