Moody’s ups ER-Telecom to Baa2.ru, positive

Moody's Investors Service said it changed the outlook on the B3 corporate family rating and the B3-PD probability of default rating of ER-Telecom Holding CJSC to positive from stable.

Concurrently, the agency affirmed these ratings.

Moody’s said the outlook change reflects the potential for an upgrade of ER-Telecom's ratings over the next 12-18 months, in the event that the company maintains its improved financial metrics and solid liquidity; continues to demonstrate strong operating performance; and retains strong market positions in its key regions.

At the same time, Moody's Interfax Rating Agency upgraded ER-Telecom’s long-term national scale corporate family rating to Baa2.ru from Baa3.ru.

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