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Prospect News home > News index > List of issuers Y > Headlines for Yandex NV > News item |
S&P rates Yandex BBB-
S&P said it assigned a BBB- long-term issuer credit rating to Yandex NV.
The outlook is stable.
“The stable outlook reflects our expectation of rapid revenue growth of 50% or more in the next two years, resulting in an adjusted EBITDA margin of 5%-9% and adjusted debt to EBITDA below 1.5x,” S&P said in a news release.
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