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Fitch affirms Transtelecom
Fitch Ratings said it affirmed CJSC Transtelecom Co.'s foreign and local currency long-term issuer default ratings at B+.
The outlook is stable.
The company’s senior unsecured debt was affirmed at B+/RR4.
The short-term issuer default rating was affirmed at B.
“The company's ratings benefit from the established positions in the inter-operator segment and improved positions in the broadband segment as a fifth-largest operator in Russia by subscribers,” Fitch said in a news release.
“Compared with the Russian mobile operators PJSC Mobile TeleSystems (BB+/negative), PJSC MegaFon (BB+/stable) and VEON Ltd (BB+/positive) and the fixed-line telecoms incumbent operator Rostelecom (BBB-/stable), TTK has smaller scale and a weaker competitive position in the retail segment.”
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