Fitch ups Dalsvyaz to B+

Fitch Ratings said it upgraded OAO Dalsvyaz's long-term issuer default rating to B+ from B, and affirmed its short-term issuer default rating at B.

The outlook is stable.

The upgrade reflects various operating and financial improvements in the company, Fitch said. Although Dalsvyaz remains significantly smaller than its peers, it is facing slightly better growth prospects, the agency said.

However, there remains uncertainty regarding whether the achieved improvements are sustainable in the long-run due to Dalsvyaz's obligation to service a huge territory with a low population density, Fitch added.

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