Rostelecom was assigned AA(RU) credit rating by ACRA, stable outlook
Moscow, Russia – July 14, 2017 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that the Company was assigned an AA(RU) credit rating with a stable outlook by the Analytical Credit Rating Agency (ACRA). This rating evidences the high level of creditworthiness of the Company.
The Agency’s report states that Rostelecom’s credit rating is based “on very strong business profile of the Company, its very large scope and leading market positions, as well as very high liquidity level and moderate support from the state”.
“We believe that the credit rating opens significant opportunities for the Company to attract public debt financing in the Russian market that can be used for the optimization of our debt portfolio”.
Further information about the credit rating is available at https://www.acra-ratings.ru.
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The Analytical Credit Rating Agency (ACRA) was established on November 20, 2015. The Agency operates in compliance with the latest regulatory requirements of the Russian Federation, the list of its shareholders includes 27 major Russian companies and financial institutions.