Fitch affirms Transtelecom

Fitch Ratings said it affirmed JSC Transtelecom Co.'s long-term issuer default rating at B+, national long-term rating at A(rus) and short-term issuer default rating at B. The agency also said it assigned foreign- and local- currency senior unsecured ratings of B+, national senior unsecured rating of A(rus), long-term local-currency issuer default rating of B+ and recovery rating of RR4 on the senior unsecured debt.

The outlook is stable.

The ratings reflect significant volatility in the company's traditional wholesale telecom markets and high execution risks associated with its strategy to rapidly expand in the residential broadband segment, Fitch said.

The company is well positioned to remain a key back-up broadband provider of choice, which will limit further market share erosion, the agency said.

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