print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Moscow City Telephone press releases

Moscow City Telephone

October 1, 2002

On 30 September 2002, the "Standard & Poor’s" International Rating Agency raised the long-term foreign currency credit rating of Public Joint Stock Company Moscow City Telephone Network (MGTS) from "CCC+" to "B-" with a "stable" forecast

Group "B" rating according to the "S&P" scale implies that the issuer should be presently able to fulfill its financial liabilities, on the one hand, and that it may be pretty vulnerable should it find itself in unfavorable business, financial and economic conditions, on the other.

Besides, the Agency also raised the PJSC MGTS long-term credit rating from "ruBBB" to "ruBBB+" according to the Russian scale. This rating is also an indication of a sufficient capability of the borrower to timely and fully meet its debt liabilities as compared with other Russian borrowers.

The ratings conferred on PJSC MGTS reflect its status as a basic operator in Moscow which is the most highly developed administrative area of the Russian Federation. In the process of changing the rating, the high operational results and reduction of the net debt of the Company were taken into account. On top of that, the growth of the Company’s income acquisitions potential associated with the completion of construction of its telecommunications transport network and the consolidation of telecommunications business being carried out at present, which was previously divided among competing operators, have had a positive impact on the ratings of the Company.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer