MOSCOW, 22-Sep-2017 — /EuropaWire/ — Public Joint Stock Company “MegaFon” (LSE: MFON), a leading Russian provider of integrated digital services (“MegaFon” or the “Company”), announces that it has been rated AA(RU) with a “Stable” outlook by Analytical Credit Rating Agency, a major Russian rating agency (“ACRA” or the “Agency”).
The level of rating assigned to MegaFon by ACRA reflects the Company’s high creditworthiness compared to other rated entities. The Agency cited MegaFon’s large scale of operations, high profitability, strong business profile, strong liquidity position, and high standards of corporate governance as key positive factors for the rating assessment.
Under Russian regulations, the assigned rating allows MegaFon to continue to access the broadest investor base in the Russian Federation.
Gevork Vermishyan, Chief Financial Officer of MegaFon, commented on the S&P announcement as follows: “We have carried out an intelligent process with ACRA and, as frequent issuer, stay very satisfied with the Agency’s conclusion that MegaFon is one of the top-notch credits in the Russian Federation, a view which is clearly shared by both the Company’s management and our large investor base”.
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NOTES TO EDITORS
MegaFon PJSC is a leading Russian integrated telecommunication service provider, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. MegaFon is traded on the Moscow Exchange and the London Stock Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at: http://www.megafon.ru
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “forecast”, “intend”, “will”, “could”, “may”, or “might” the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.
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