Fitch affirms, withdraws Transtelecom

Fitch Ratings said it affirmed CJSC Transtelecom Co.'s long-term foreign and local currency issuer default rating at B+.

The outlook is stable.

Fitch simultaneously withdrew all of the ratings.

“TTK has established positions in the inter-operator segment and around a 5% market share of the Russian retail broadband as of 2Q18, with around 1.7 million broadband customers,” the agency said in a news release.

“The company is likely to sustain its competitive position given its extensive backbone network laid along railways across Russia.”

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