Fitch upgrades T2 RTK

Fitch Ratings said it upgraded LLC T2 RTK Holding’s long-term issuer default rating to BBB- from BB, removed it from rating watch positive. The upgrade equalizes T2 RTK’s rating with that of parent Rostelecom PJSC rated BBB- by Fitch.

The senior unsecured rating of subsidiary OJSC Saint-Petersburg Telecom has been upgraded to BBB- from BB and removed from RWP.

“The upgrade follows the completion of Rostelecom’s acquisition of 100% of T2 RTK and greater visibility of T2 RTK’s financial policies. T2 RTK already heavily uses Rostelecom’s network, and we expect operational integration between the two companies to increase,” Fitch said in a press release.

The outlook is stable.

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