S&P puts VEON rating on revision list for possible upgrade - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

S&P puts VEON rating on revision list for possible upgrade

MOSCOW, Jul 6 (PRIME) -- International ratings agency S&P Global Ratings (S&P) has placed a BB long-term credit rating of Amsterdam-based holding VEON, the sole owner of Russian mobile operator VimpelCom, on the revision list with a possible upgrade, the agency said on Friday in a statement.

The move followed VEONТs announcement of a sale of its stake in Italian mobile operator Wind Tre, a joint venture with Hong KongТs Hutchison Holdings Ltd., to the partner for 2.45 billion euros.

S&P thinks that as a result of the deal VEON could significantly cut leverage to about 0.7x, and the net debt/EBITDA ratio could fall to 1.8x from 2.4x.

End

06.07.2018 19:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.8574 -0.1540 16 jul
USD 62.8280 -0.1924 16 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1380.01 -0.47 11:48 16 jul
micex 2750.29 -0.22 11:48 16 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 238.58 -0.72 11:01 16 jul
lkoh 5160.50 -0.35 11:01 16 jul
rosn 419.75 +0.32 11:01 16 jul
sber 234.13 -0.48 11:01 16 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.5200 -0.3700 14:59 16 jul
USDTD 62.6575 -0.5000 17:44 16 jul