Fitch rates North-West Telecom senior foreign currency B+

Fitch Ratings said it assigned OAO North-West Telecom ratings of senior unsecured foreign currency B+ with a stable outlook and short-term foreign currency B.

The ratings reflect Fitch's expectation that North-West Telecom is well placed to maintain its dominant market position as a regional incumbent telecom operator. The company controls approximately 94% residential fixed lines and around 55% of the corporate segment (47% by revenues).

Fitch said it believes that a further significant decline in North-West Telecom's share of the corporate segment is unlikely. The company's client base is well diversified and it enjoys a relatively stable and predictable operating cash flow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.