DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Fitch Affirms and Withdraws Six Russian Fixed-line Incumbent Operators' Ratings

April 4, 2011 Fitch Ratings
Fitch Ratings-London/Moscow-04 April 2011: Fitch Ratings has affirmed and simultaneously withdrawn the ratings of six Russian incumbent fixed-line operators -- OAO Centertelecom, OAO North-West Telecom, OAO Uralsvyazinform, OJSC Volgatelecom, OAO Sibirtelecom, OJSC Far East Telecom (also known as OAO Dalsvyaz) -- including their Long-term Issuer Default Ratings (IDR) of 'BB' with a Positive Outlook. Fitch will no longer provide ratings or analytical coverage of these companies. A full list of rating actions is below.

The withdrawal follows the completion of the companies' merger into Rostelecom, a Russian national incumbent telecoms operator. As a result, these companies are expected to no longer exist as separate legal entities. The obligations of the six operators incurred prior to their merger are expected to be assumed by Rostelecom. The merging operators' public debt will be exchanged into Rostelecom instruments issued with terms similar to the instruments that are being replaced.

The rating actions are as follows:

OAO Centertelecom
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn

OAO North-West Telecom
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn

OAO Uralsvyazinform
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn

OJSC Volgatelecom
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and Local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn

OAO Sibirtelecom
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn

OJSC Far East Telecom (OAO Dalsvyaz)
Long-term foreign and local currency IDRs: affirmed at 'BB' with a Positive Outlook and withdrawn
Foreign currency short-term IDR: affirmed at 'B' and withdrawn
Foreign and local currency senior unsecured ratings: affirmed at 'BB' and withdrawn
National Long-term rating: affirmed at 'AA-(rus) with a Positive Outlook and withdrawn
National senior unsecured rating: affirmed at 'AA-(rus)'and withdrawn
  • Full name
    Rostelecom - Center
  • Registration country
    Russia
  • Industry
    Communication