Fitch affirms Rostelecoms investment grade rating of BBB-

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Rostelecom Group (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that its Issuer Default Rating (IDR) of ‘BBB-’ with a Stable Outlook has been affirmed by Fitch Ratings. According to the agency the strong credit rating is supported by the company's leading market positions in fixed telecoms, growing mobile and digital services operations and moderate leverage with no significant foreign currency mismatch.

Further information on Rostelecoms ratings is available at

Sergey Anokhin, Senior Vice-President and Chief Financial Officer:
“The Fitch credit rating reaffirmation is a strong testament to Rostelecoms continuing dedication to our digital transformation vision and an evidence of our strengthening market leadership underpinned by sustainable financial performance. We are pleased to see this reaffirmation of Rostelecoms stability and efforts in ensuring sound principles and disciplined financial approach, especially in this challenging macroeconomic environment. ”