Fitch affirms North-West Telecom

Fitch Ratings said it affirmed OAO North-West Telecoms's long-term issuer default rating of BB-, national long-term A+(rus) and short-term issuer default rating of B.

The outlook on the long-term issuer default rating and national long-term rating is stable.

"The company's operating and financial performance remains robust. It has maintained and increased its market shares in key segments while the management has been able to keep a lid on leverage," Nikolay Lukashevich, a senior director for Fitch, said in a written statement.

Ratings reflect the company's dominant position as a regional incumbent telecoms operator, mild competitive pressures in key segments and a diversified subscriber base that ensures cash flow visibility and stability, the agency noted.

The company reported a net debt-to-EBITDA ratio of 1.2x at the end of 2007.

© 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.