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 press releases

Financial Corporation "Sistema"

September 15, 2020

S&P upgrades Sistema's credit rating to BB

Moscow, 15 September 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding company, announces that S&P rating agency has upgraded Sistema credit rating from BB- to BB, with a stable outlook.

Vladimir Travkov, Sistema's Vice President for Finance, said,

"The rating upgrade by S&P reflects the Corporation's achievements in continuously growing the value of our assets, reducing financial leverage, and optimising the debt portfolio. The rating agency also highlights the resilience of our diversified asset portfolio amid the COVID-19 pandemic and the recent removal of collateral from the MTS shares pledged under a loan with Sberbank".

***

Sistema PJSFC is a Russian publicly-traded diversified holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism and healthcare services. The company was founded in 1993. Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn as of 31 December 2019. Sistema's global depositary receipts are listed under the SSA ticker on the London Stock Exchange. Sistema ordinary shares are listed under the AFKS ticker on Moscow Exchange. Website: www.sistema.ru

***

For further information, please visit www.sistema.comor contact: 

Investor Relations

Yulia Katukova

Tel: +7 (495) 692 22 88

katukova@sistema.ru

Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Coal Mining | Conglomerates | Construction Materials | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Ore Mining | Other | Other Extracting | Other Industrial | Other Service | Other Utilities | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

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


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer