Sistema PJSFC: Expert RA upgrades Sistema's credit rating to ruAA-

DJ Sistema PJSFC: Expert RA upgrades Sistema's credit rating to ruAA-

Sistema PJSFC (SSA) 
Sistema PJSFC: Expert RA upgrades Sistema's credit rating to ruAA- 
 
23-Sep-2020 / 11:04 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            Expert RA upgrades Sistema's credit rating to ruAA- 
 
    Moscow, 23 September 2020 - Sistema PJSFC (hereinafter "Sistema" or "the 
  Corporation") (LSE: SSA, MOEX: AFKS), a Russian public diversified holding 
company, announces that its credit rating has been upgraded by Expert RA rom 
                         ruA to ruAA-, outlook stable. 
 
               Vladimir Travkov, Sistema's Vice President for Finance, said: 
 
"Expert RA's decision to upgrade Sistema's credit rating by two positions in 
        one go confirms that the market highly appreciates the Corporation's 
      strategy aimed at increasing the value of its high-quality diversified 
                         portfolio and decreasing debt." 
 
     Expert RA has also acknowledged the high quality of Sistema's corporate 
governance and impressive transparency regarding the disclosure of financial 
                         information. 
 
            *** 
 
      Sistema PJSFC is a publicly-traded diversified Russian 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 the Moscow Exchange. Website: 
                         www.sistema.ru [1] 
 
            *** 
 
               IR Service             Press Service 
 
         Nikolay Minashin            Sergey Kopytov 
 
Phone: [phone] Phone: [phone] 
 
    [e-mail]        [e-mail] 
 
ISIN:          US48122U2XXX 
Category Code: MSCM 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  84726 
EQS News ID:   1135567 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1135567&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

September 23, 2020 04:04 ET (08:04 GMT)