Fitch revises MTS view to positive

Fitch Ratings said revised Mobile Telesystems PJSC's outlook to positive from stable, while affirming the company's long-term issuer default rating at BB+.

“The change in outlook follows an upgrade of MTS' parent Sistema Public Joint Stock Financial Corp. (Sistema) to BB from BB-. We will review the outlook within the next 12-18 months, once we have more clarity on MTS' dividend policy, capex program, and its plans in relation to Public Joint-Stock Co. MTS Bank (MTSB; BB-/stable),” Fitch said in a press release.

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