Fitch rates North-West bond A+(rus)

Fitch Ratings said it assigned OAO North-West Telecom an expected national long-term rating of A+(rus) to its proposed fifth domestic bond issue of RUR 3 billion with a maturity of up to five years.

North-West has a long-term issuer default rating of BB- with a stable outlook, short-term issuer default rating of B and national long-term rating of A+ with a stable outlook.

The rating reflects the issuer's dominant market position as a regional incumbent telecoms operator, the agency said.

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