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Fitch rates MegaFon notes BB-
Fitch Ratings said it assigned MegaFon SA's planned $375 million issue of senior unsecured loan participation notes an expected BB- rating with stable outlook.
Fitch said it expects the new bond will be partially applied to refinance existing debts and thus will extend the company's maturity profile.
The ratings reflect MegaFon's position as one of the three nationwide cellular operators with the largest license coverage extending across the entire territory of Russia, according to Fitch.
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