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Fitch upgrades Kcell
Fitch Ratings said it upgraded Kcell JSC's long-term issuer default and senior unsecured ratings to BB+ from BB.
“The upgrade follows a similar rating action on its parent Kazakhtelecom JSC to BBB-, as Kcell's rating is driven by an overall strong linkage to the latter,” Fitch said in a press release.
The outlook is stable.
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