The international credit rating agency Fitch has assigned OJSC Elektrosvyaz, Novosibirsk Region (ENR) a "B" rating. This long-term rating applies to the company's foreign currency. It is accompanied by a "Stable" forecast.
This positive rating reflects the dominant position of OJSC Elektrosvyaz, Novosibirsk Region as the number one licensed fixed line operator in the Novosibirsk Region. The company's shares are listed on RTS and in August 2001 ENR launched a level-1 ADR program.
The future merger of regional operators has not been factored into the Fitch credit rating, which may be revised after the merger is complete.