S&P ups VimpelCom outlook to stable

Standard & Poor's said it revised its outlook on Vimpel-Communications (JSC) to stable from negative.

At the same time, the BB+ long-term corporate credit rating on VimpelCom, its related entities, and their respective issue ratings were affirmed, the agency said.

"The outlook revision primarily reflects the improvement in VimpelCom's liquidity position over the last 12 months, but also its robust operating performance, good cash flow generation, and prudent financial management," said S&P credit analyst Alexander Griaznov.

According to the agency, the rating on VimpelCom remains constrained by its view of the company's aggressive growth orientation, reduced financial flexibility, intensifying competition, and an ever more saturated Russian mobile market and consequent declining growth potential.

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