print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  UTK REGISTER LOG IN

Press Releases > UTK  all about the company

company search
all press releases
all UTK press releases

UTK

August 7, 2003

Standard & Poor's Ratings Services assigned "ruBBB" National Scale Rating to PJSC "Southern Telecommunication Company" on August 6, 2003

On August 6, 2003 Standard & Poor's Ratings Services said it assigned its "ruBBB" Russia national scale rating to PJSC "Southern Telecommunications Company" ("UTK" PJSC).

At the same time, Standard & Poor's assigned its "ruBBB" rating to "UTK" PJSC proposed Russian ruble (RUR) 1.5 billion ($49.5 million) senior unsecured bond issue due 2006. The proceeds from the bond issue will be used to finance "UTK" PJSC`s RUR 5 billion capital expenditure program in 2003, which will further upgrade the company's outdated network and expand its network capacity.

The ratings are supported by "UTK" PJSC`s dominant market share as the main provider of essential telecoms services in the southern region of the Russian Federation and progress in enabling the provision of a wider range of higher-quality services. Standard & Poor's expects "UTK" PJSC to increase its debt to a manageable level to finance relatively high capital expenditures in 2003 without materially weakening its financial profile and ability to service its debt obligations.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer