MTS terminates rating association with Moody’s

Mobile 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