S&P rates Vivacom notes BB-

Standard & Poor's said it assigned its preliminary BB- long-term corporate credit rating to Bulgarian Telecommunications Co. EAD (Vivacom).

The outlook is positive.

At the same time, S&P assigned a preliminary BB- rating to the group's €400 million proposed senior secured notes due 2018.

S&P said the preliminary rating on Vivacom reflects S&P's assessment of its financial risk profile as "aggressive" and the agency's view of the company's business risk profile as "fair."

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