DJ Sistema PJSFC: S&P upgrades Sistema's credit rating to BB
Sistema PJSFC (SSA)
Sistema PJSFC: S&P upgrades Sistema's credit rating to BB
15-Sep-2020 / 16:46 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
S&P upgrades Sistema's credit rating to BB
Moscow, 15 September 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the
Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding
company, announces that S&P rating agency has upgraded Sistema's credit
rating from BB- to BB, with a stable outlook.
Vladimir Travkov, Sistema's Vice President for Finance, said,
"The rating upgrade by S&P reflects the Corporation's achievements in
continuously growing the value of our assets, reducing financial leverage,
and optimising the debt portfolio. The rating agency also highlights the
resilience of our diversified asset portfolio amid the COVID-19 pandemic and
the recent removal of collateral from the MTS shares pledged under a loan
with Sberbank".
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Sistema PJSFC is a Russian publicly-traded diversified holding company
serving over 150 million customers in the sectors of telecommunications,
high technology, banking, retail, timber processing, agriculture, real
estate, tourism and healthcare services. The company was founded in 1993.
Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn
as of 31 December 2019. Sistema's global depositary receipts are listed
under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary
shares are listed under the "AFKS" ticker on Moscow Exchange. Website:
www.sistema.ru [1]
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IR Service Press Service
Nikolay Minashin Sergey Kopytov
Phone: +7 (495) 730 66 00 Phone: +7 (495) 228 15 32
n.minashin@sistema.ru kopytov@sistema.ru
ISIN: US48122U2042
Category Code: MSCM
TIDM: SSA
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 84191
EQS News ID: 1131985
End of Announcement EQS News Service
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1131985&site_id=vwd_london&application_name=news
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September 15, 2020 09:48 ET (13:48 GMT)
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