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MegaFon” was given a high rating
International rating agency Moody’s has maintained the credit rating of “Megaphone” at «Baa3» and upgraded the rating outlook to “stable”. What does this mean for users of the company and how to comment on this news management “Megaphone”?
A high credit rating of “Megaphone” – an indicator of the reliability and the potential for further business development
Analysts at Moody’s Investors Service assigned the “Megaphone” credit rating «Baa3» – this is the best result among the Russian telecommunications companies. This credit rating of “Megaphone” means the company has a leading position in the Russian mobile market: demand and offers a variety of services, developing a network of data transmission in 3G and 4G +, has an extensive retail network.
Gevorg Vermishyan, CFO “MegaFon” company: “We are very pleased with the decision Moody’s. Rated “Baa3” reflects the strong operating and financial performance of “MegaFon”. This rating is necessary, first of all, investors: it demonstrates our ability to generate free cash flow, and also confirms the high standards of corporate governance. ”
Why Moody’s opinion you can trust?
Moody’s Investor Service – one of the leading international rating agencies, which regularly conducts analytical studies, determines ratings of companies and publishes independent expert reports. Moody’s assesses the creditworthiness of the companies and the credit quality of securities issued by them. For any investor rating Moody’s – this is the easiest way to determine the level of risk when buying stocks and assess the profitability of the businessViewing:-165
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