Fitch rates North-West Telecom bond A(rus)

Fitch Ratings said it assigned OAO North-West Telecom's fourth domestic bond issue, totaling RUB2 billion and maturing in December 2011, a final national long-term rating of A(rus).

This follows a review of the final terms and conditions, confirming information already received when Fitch assigned an expected national long-term rating of A(rus) on Dec. 7.

The company controls about 76% of the local services market and is well positioned to retain its dominance in this segment, Fitch said, adding that its client base is well diversified, which provides it with a relatively stable and highly visible operating cash flow.

North-West Telecom owns and operates the largest last-mile and backbone telecoms network in the region, which helps to protect its interconnect revenues and gives it strategic competitive advantages, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.