Fitch gives VimpelCom IDR, debt BB+

Fitch Ratings said it assigned VimpelCom Ltd. a long-term issuer default rating of BB+ with a stable outlook.

The agency also assigned its senior unsecured debt a BB+ rating, including debt issued and guaranteed by intermediary holding companies VimpelCom Amsterdam BV and VimpelCom Holdings BV.

VimpelCom's leverage is moderate and we expect this to reduce in the next three years, but there is a significant currency mismatch as around 71% of its debt is in U.S. dollars, Fitch said.

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