MTS terminates rating association with Moody’s

MTSMobile TeleSystems PJSC (MTS), the leading telecommunications provider in Russia and the CIS, announces it has terminated its current rating relationship with Moody’s Investors Service.

MTS has concluded that engagement with two international ratings agencies is sufficient to meet our long-term business and financial goals.

MTS is currently rated BB+ with a stable outlook by both Fitch and Standard & Poor’s.

Any future ratings provided by Moody’s of MTS or its outstanding bond issues should be considered unsolicited. Such ratings will be based solely on publicly available information, MTS said in a statement.

editor@telecomlead.com

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Zain Wins $747 mn Syria Telecom License, Plans $800 Million 5G and AI Network Investment

Zain Group has secured a 25-year mobile telecommunications license...

TRAI Drive Test: Jio Leads Mobile Network Performance on Jodhpur–Ahmedabad Rail Route, Airtel Delivers Zero Call Drops

Reliance Jio emerged as the top-performing telecom operator in...

New Zealand Mobile Market to Reach $2.2 bn by 2030 as 5G and AI Drive Growth

New Zealand’s mobile market is benefiting from continued investment...

4 Best Systems for Secure Communication in High-Pressure Situations

Communication failures in high-pressure environments can be catastrophic. For...